Documentation

In the difficult business environment of today, it is essential that the terms and conditions on which you extend credit and supply goods and services is formally documented and accepted by your customers.

AFM can review your current practices and documentation (if it exists) and tailor a Credit

Documentation package to your needs.

This will include a Credit Application with terms of credit detailing the terms on which you will extend credit to your customers. It will provide for personal guarantees from the directors of private companies.

AFM will also document the terms on which you will supply goods and/or services to customers.

The benefits of such documentation include-

• projection of a professional image to customers

• correct identification of the entity you deal with
  
  
• directors of private companies personally guarantee payment on a continuing basis
  
  
• credit checks on the entity and its directors can be made in compliance with the Privacy Act
  
  
• caveats may be lodged over real property to secure a debt
  
  
• interest may be charged on overdue accounts and collection costs recovered
  
  
• title to goods may be retained until payment is received.