Empowering trade creditors to credit vet in a thorough and transparent manner in less than 10 minutes.
We Deliver Results
CSP Risk Solutions (Pty) Ltd was formed in 2011 after many years of behind the scene development. We recognised a need specifically in SME's where often a Sales Manager or Marketing Manager would double up as the Credit Manager, or where a clerk was left to open new accounts with very little Credit Management experience. It was obvious that a structured system was needed for these enterprises where they could feel comfortable that all the necessary checks and balances were being performed and monitored. This need gave rise to the development of our 'Integrated Credit Risk Management Systems'. It soon became apparent that our systems were not only needed by SME's, but that larger corporations were also looking for stronger Credit risk management controls and Business Intelligence with faster and easier access to Credit Applications and key Credit Information. Further development has now afforded our system to be recognised as an automated Credit Underwriting system.
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DIGITAL CREDIT APPLICATION
Our online credit application form is specifically designed to incorporate all the relevant elements of current legislation and the National Credit Act.
It gives you peace of mind in knowing that all the pertinent information is collected from your potential debtor.
Our online credit applications are customizable to your requirements and include 100% online processes to ensure quick and effective client onboarding.
PRE-LEGAL DEBT COLLECTION
How long does it take you to hand over an account for collection?
How long does it take you to get your attorney or debt collector to phone you back?
Are your debt collectors reputable and professional?
Our online handover system is instantaneous and your handovers are professionally handled by our associate company Erick Breytenbach Attorneys Inc. (Commercial Litigation and Credit Management Attorneys).
CREDIT BUREAU REPORTS
As TransUnion and XDS Channel Partners, we provide credit information specifically packaged for the needs of trade creditors and credit insurers.
Additional export credit information is also sourced from Dunn and Bradstreet - one of the leading credit bureau report providers globally and in Southern Africa.
Our subscribers have instant access to these databases of credit information, along with access to specifically designed products to assist them with their credit risk assessments and decisions.
DEFAULT LISTINGS
More commonly known as 'blacklisting'.
Our system allows you to instantly blacklist your defaulting debtors with TransUnion Credit Bureau. The debtor's default will be recorded on their credit record for all and sundry to see and is a great way of applying pressure on stubborn debtors for payment.
BUSINESS FAILURE PREDICTION
This product is a credit risk score which uses information on the business such as status, age, default information, asset information, trade information, principal information and links to other businesses that the principals may be associated with.
Based on these weighted variables, a score is calculated and classified into one of seven bands - from low to high risk, each with its own odds of business failure.
This score is translated into a score band that indicates the level of risk in relation to the average risk across all credit active companies. The score band is accompanied by the odds of failure, which is a direct interpretation of the failure rate within the same band.
CREDIT INSURANCE
There are direct links from our system into the credit insurers' systems for the purposes of easy and speedy credit limit applications, premium declarations and general administration of the credit insurance policy.
Credit insurance guarantees payment to the policyholder in cases where their debtor either defaults with payment or is forced into liquidation.
We structure tailor-made credit insurance policies to suit our clients' specific credit risk needs.
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Trade Creditor's Handbook - New Release!
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This easy-to-read handbook is aimed at students of trade credit, business leaders, entrepreneurs, financial directors, credit managers, credit controllers, sales representatives and anyone who has a keen interest in starting a business. With over 30 years of experience as a specialist attorney, who is still acting on behalf of numerous trade creditors, credit insurers and credit bureaus, the author has seen the many pitfalls of running a business. The lifeblood of any business is its cash flow, which is almost wholly dependent on the effective management of its single biggest asset, its book debts and overdue accounts. From practical examples and latest trends, the reader will be taken on an interesting journey through the entire credit management cycle, from the vetting and onboarding of potential customers, to accounts management and the latest collection strategies. Apart from providing many useful strategic business insights, this handbook will hopefully also act as a spark to help restore business confidence in South Africa.
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Contact Us
Head Office
011-3462676janet@creditsolutionpartners.com
69 Sunny Road
Glenhazel, Johannesburg