Credit management specialist Octempo:RM is to continue lightening the load of bad debt risk for haulage firms with the launch of their new Back Load Protect service.
Back Load Protect allows greater protection for firms trading with customers overseas under ‘backloading’ deals, where the truck goes out full and then loads up with more goods to bring back to the UK for the return journey.
These deals expose hauliers to credit risks, because they don’t have a relationship with their client and often source business through a third party, for example an agency. And they often overlook obtaining credit information on overseas companies as it can be expensive.
Octempo’s new service allows them to reduce their exposure, by outsourcing the credit checking of the foreign customer, the credit control follow up, and if needed the debt recovery to a firm with a number of foreign nationals who have direct experience of the haulage industry and understand international business cultures. And with Back Load Protect you can pick and choose which element of the service you want.
Back Load Protect allows greater protection for firms trading with customers overseas under ‘backloading’ deals, where the truck goes out full and then loads up with more goods to bring back to the UK for the return journey.
These deals expose hauliers to credit risks, because they don’t have a relationship with their client and often source business through a third party, for example an agency. And they often overlook obtaining credit information on overseas companies as it can be expensive.
Octempo’s new service allows them to reduce their exposure, by outsourcing the credit checking of the foreign customer, the credit control follow up, and if needed the debt recovery to a firm with a number of foreign nationals who have direct experience of the haulage industry and understand international business cultures. And with Back Load Protect you can pick and choose which element of the service you want.