ACCOUNT RECEIVABLE RISK
Accounts receivable risk management has always been a matter of great concern to enterprises. Once the accounts receivable are formed, the accounts receivable customers default, and the case of no one to follow up, due to the stagnation of the company's information and the change of personnel, eventually, lead to overdue, default, or even bad debts. How to avoid the black hole of the company's debts?
From the following procedures, Redstar develops and implements a complete and systematic account receivable risk management system to ensure that the management work runs on a benign track:
1.Accurate and timely customer background survey.
Generally, it includes the following aspects: whether the customer has a fixed place for production and operation, statutory business registration, good credit reputation; Whether the product has a good market prospect; What is the scale of the customer's production and operation and the expected procurement scale? Whether there is a debt dispute in the customer's history and the reasons for disputes; The basic situation of the person in charge of the customer enterprise, the head of the procurement and finance department; The basic situation of the branch of the customer and the affiliated company.
2. Objective and real customer credit survey.
Through detailed investigation and analysis of the customer's business scale, business cycle, liability structure, and property rights ratio, RedStar evaluates the customer's highest credit limit, the longest credit period, and the default procedures.
3. Improve contracts and other written agreements.
It is necessary to establish relevant written treaties between the credit-selling enterprises and the customers, so as to make specific operational provisions for a series of procedures such as receiving orders, delivery receipts, payment settlement, and financial reconciliation.
4. Daily monitoring and management of accounts receivable risk.
Follow up on the customer's business situation and grasp the dynamics of accounts receivable in a timely manner. Especially for overdue accounts, efforts are made to increase the efficiency of the collection of accounts receivable while increasing dunning. For accounts receivable that have not yet expired, supervision should not be loose in case new defaults occur, by doing so, the security of accounts receivable is on the highest level.
For more solutions to accounts receivable risk assessment, please see the following link:
International Contract Default Risk
In cross-border commercial trade activities, multinational corporations face a serious increase in international trade labor and economic contract breaches, fraud threats risks, including international labor contracts, international investment contracts, international technology transfer contracts, and international sales contracts.
International Trade Fraud Risk
Due to the different countries and regions where the two parties are involved in international trade, and a number of procedures of the sale, transportation, insurance and payment of goods, the mutual influence and restraint of the two parties are weak, it is not easy to be detected when fraudsters implement frauds.
International Trade Payment Settlement Risk
The risk of international trade payment settlement is mainly reflected in the lack of effective understanding of foreign customers before trading transactions, and it is unable to obtain sufficient credit for them.
In the legal industry, lawyers are the cornerstone of legal procedures. In general, investigation and evidence collection is a problem that plagues lawyers, and the legal work required far exceeds the responsibility of the law firm's own employees.
The debtor is missing, they change their contact number, change their company name, and of course, move the house. You may have exhausted all available methods and may find it difficult to find the debtor, which disappears with the debt. If the debtor is not found in time, the debt cannot be recovered.
Litigation and Legal Support
We provide litigation and legal support to our clients. Legal disputes are complex, expensive and time-consuming, and nothing is worse than losing lawsuits. Missing key information or unacceptable evidence lead to losing.
China RedStar corporation is a professional investigation agency providing risk investigation and legal evidence service for enterprises. If you want to know more details or want a quotation, just feel free to contact us!