Once we have defined and established a procedure for managing business risks that fits our industry, our company and our risk appetite, we must control that it is being fulfilled.
Through regular audits we can control the possible deviations within our procedure and we can implement the appropriate adjustments, always within a continuous improvement plan, so we move forward in the control of our client.
It is also highly recommended to certify by independent bodies that our credit management system meets the standards and norms established by collective global credit qualified managers.
This certification of our credit management system will serve as a seal of quality to our own customers, financial institutions, auditors, shareholders and also to ourselves: the board of directors, general management, financial management, business management…
The ultimate benefits are materialized in the form of better control over our customer base, which will have charge before and lower unpaid / delays, which will give greater liquidity to our company. This will lead to better conditions for financing when needed and insurance companies will be willing to give us a better position because they know that our commercial risk procedure is certified and audited.