Running a successful business is a complex process that takes time and money. When you extend credit to a business customer, you are basically taking cash out of your company and lending it to them. You want to be reasonably sure…
CV fraud takes many forms, from embellished day-to-day responsibilities, to false qualifications from universities the candidate never went to. It happens all the time. An increase in the number of cases of CV fraud is in no small part a…
Every two seconds someone’s identity is stolen, according to experts in the field. Identity theft is an increasing concern for individuals and businesses operating in an increasingly digital climate. Identity theft is a “silent” crime that can go undetected for…
Credit vetting is an essential tool for businesses. It provides you with effective and accurate protection to minimise any risk associated with your clients. Many new or expanding businesses make the mistake of extending credit without fully assessing the creditworthiness….
Building and maintaining good credit is essential to financial health. A good credit score can open many opportunities for you and your business from securing loans, investors and business partners. However, there are many misconceptions about what your credit score…
If you are serious about your long-term success, it is more important than ever to have a thorough approach to credit risk management. Banks have been doing it for decades, businesses need to follow suit. Banks make sounds decisions about…
Many businesses neglect their business credit rating as they are singularly focused on day-to-day operations. Running and maintaining a successful business is increasingly difficult – from dealing with customers and vendors to marketing and advertising. There is a very high…
Any successful business seeks to go above and beyond for their clients. However, often time this effort does not translate into on time payments. Overdue invoices and bad payers can be crippling for businesses, even if sales are up and…
If you own a bank card, then you are at risk of fraud. The prevalence of credit and debit card fraud continues to increase both locally and globally. The South African Banking Risk Information Centre (Sabric) has released the latest…
The digital age is transforming the world around us, but is it also enabling new forms of fraud that businesses and individuals alike have not dealt with. Conversations about cybersecurity are becoming increasingly important as our digital footprints are expanding….