When an existing or new customer asks for open account payment terms, how can I make sure that it is a reliable counterparty to do business with in open account? Even so, if the payments are progressive and based on given milestones, is it wise to use open account terms or accept a letter of credit from the customer’s local bank? 

By concluding an insurance policy with Credendo, Credendo is evaluating each of your customers for their creditworthiness. Thanks to exclusive information and knowledge, Credendo is able to thoroughly analyse your customers and to give you not only information about their creditworthiness, but also timely warnings about potential problems.

You want to know if Credendo can cover your debtors ?

You can check up to 3 customers on our website!
Just click on the “Request an assessment” button and complete the necessary information fields. An account manager of Credendo will contact you with the feedback on the chosen customers.