Integrating with Receivables, Pastel Evolution Credit Risk Management helps you manage your customer credit risk through a step-by-step process. Your customer will complete a credit risk application form in order for you to assess his/her potential credit-worthiness before granting them any credit. It will generate the credit application form and run the data through a scoring system giving you a credit-worthiness result on your potential customer. A passing score will see a new account being opened. A failing score will request guarantees or security
against granting credit.
It will also generate standard legal documentation based on the type of business you are operating. The following documentation, amongst others, is included:
* Terms and conditions of sale.
* Credit application forms.
* Both ‘soft’ and ‘final’ demand letters.
* Power of attorney forms.