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:: Credit Analyser

EFCIS can deliver detailed reports covering all aspects of your receivables ledger, ensuring policy compliance for insured items, reducing outstanding credit and reducing risk, thereby improving cash-flow and profitability.

Use our contact form below to discover how EFCIS Financial Services can reduce outstanding credit and introduce working capital by simply exploiting assets already at your disposal.

Overview

EFCIS Limited has developed an IT based product to measure the compliancy percentage of a debtor ledger at any given point in time -The EFCIS Credit Analyser. By taking a .csv format file from the customer's sales ledger, the analyser produces a series of reports not usually attainable from most report generator environments. The Analyser looks beyond the basic comparison of current outstanding balance v. credit limit in place, and ensures that other policy compliance issues such as breaches of MEP (Maximum Extension Period) and returned cheques are checked and reported.

Key Features

1. Each customer's insured balance is reported and expressed as a percentage of the total outstanding balance.
2. Occurrences of RD cheques or returned direct debits are logged and impact on the insured balance reported, depending on the underwriter's ruling.
3. Records all breaches of MEP (Maximum Extension Period), and adjusts the balance accordingly.
4. Checks that the valid credit limit or endorsement in place is the one in use on the current ledger.
5. The Analyser produces accurate trading histories required for the setting of discretionary limits.
6. The exact number of days taken for invoice to be paid is recorded so that a more in depth analysis of payment trends can be viewed (this is much more accurate and meaningful than the industry standard DSO calculation). This information can then be compared with the whole of ledger details or even industry averages to monitor customers credit worthiness.
7. Checks that the policy premium is up to date.
8. Checks that the declarations of turnover are up to date.