Delcreda
Many manufacturers and wholesalers provide credit to their customers in the form of deferred payment. Today the volume of commercial lending is comparable to bank lending. And accounts receivable and accounts payable occupy a significant share in the assets and liabilities of enterprises.
In such conditions, credit management should cover all business processes, as the slightest omission complicates the receipt of receivables and leads to loss of assets. For this purpose it is necessary to introduce professional credit management at enterprises as a basis for interaction with counterparties.
But so far there is a steady imbalance in the professional training of specialists in the banking and insurance spheres and production and trade spheres not in favor of the latter. This seriously complicates and delays the solutions of commercial lending and its insurance. The 30-year experience of the Delcreda team has clearly shown how much most enterprises lack competencies in credit management for optimal business conduct, both domestically and in cooperation with foreign companies.
