Now more than ever, credit vetting is the most crucial part of any business relationship between a debtor and a creditor. The sales process is challenging at the best of times, and then there is the added dilemma of asking for a credit application and accessing whether a client is credible enough to pay their accounts. What has to be checked and what doesn’t? Then there are the costs of the vetting and legal expenses if a client fails to pay?
CoreXalance has developed a relationship friendly credit application (in terms of the National Credit Act) called the 'Relationship Application'. The client simply needs to complete the Relationship Application where after we do the credit vetting on your behalf.
All information regarding your client is extracted and consolidated into an “Xtract Fact File'. This Xtract Fact File gives you all the information needed to make an informed credit decision.
The CoreXalance “Xtract process” also makes provision for mediation in the event of a dispute with a client. This solution was specifically developed to make every aspect of the credit vetting more cost effective, user friendly and timely.