Cash and coin is credit too: A promise to pay drawn on the Bank of England: Until you assess them individually it's not always obvious that some creditors are a better risk than others.

Professional Services

CreDec’s professional services expertise is focused on three core areas of credit management:

  • Formulation of formal credit policy
  • Process design and implementation
  • Commercial consulting – how best to structure payment terms and pricing models

The key evaluation of any proposed credit policy is will it be profitable? Is the way you currently offer credit profitable? Not only must credit policy be profitable but so too must the way in which this policy is managed. The necessary, processes, people and platforms required to support the policy must deliver the most efficient combination of credit at the lowest possible cost.

Central to the way CreDec professional services work is to base its assessments of a client’s credit policy and management functions on a comprehensive cost benefit analysis.