NZ Credit & Finance Institute
Member
Governance New Zealand
Associate Member
RITANZ
New Zealand General Member

Credit Audit

give yourself peace of mind by having your debtors ledger professionally audited

Ensure your recovery chances are optimised

It is part of usual business risk to sell goods or services on credit. Businesses generally run cashflow on monthly cycles and it is very important to your business that you pay your suppliers when they expect to be paid.

In order to achieve this you, of course, need the cash available and this is generally made available by your credit customers paying you. If they don’t this could lead to difficulties including your suppliers putting you on stop supply, or you having to fund the cashflow difference by borrowing. Neither of these options are particularly attractive.

A much easier path, and a cheaper one, is to ensure your customers pay you when expected. However, whilst not expensive to achieve, it does require a certain amount of expertise. And this is where a BizEnhanz Credit Audit can help.

Your debtors ledger will be professionally audited including: risk assessing your current customers (that is, determining the probability of payment default at a future point), reviewing current security arrangements, reviewing documentation (including terms of trade, application forms and securities), exploring options to reduce payment default risk and ensuring legal and regulatory compliance.

If you want to ensure you get paid on time every month can you really afford NOT to have a Credit Audit?

Approximate Cost

As a rule of thumb the BizEnhanz Credit Audit© will cost $9.75 per ledger customer plus GST with a minimum fee of $325. So, for example, if you have 40 customers who you regularly supply to on credit the Audit will cost only around $390+GST. Please note that this is only a guide, complete the form below to allow us to give a specific quote for your particular circumstances.

Audit Scope

For More Information

  • Payment default risk assessment by customer
  • Overall ledger credit risk assessment
  • Credit application form review
  • Terms of Trade review
  • PPSA compliance review
  • Legal entity review
  • Current overdue payment metrics
  • Overall risk assessment
  • Options and Recommendations

Quote Request

Please complete below and we will be in contact with more information and to give you a precise quote.
Please contact me for more information regarding a Credit Audit and to provide me with a Quote.