Monday 1 February 2010

ICE PACC



Introducing International Credit Enforcement’s, Pro-Active, Credit Control software solution.
This comprehensive and seamless on-line service is a unique commercial credit solution. Whether you’re a sole trader, small business or large corporation, the ICE PACC can limit your liabilities. We protect your business from incurring, late payment or commercial debt.
Orders are a liability, until the account is settled, thus then becoming a sale. Consequences, if a percentage of the liabilities are written off due to non payment, can be detrimental to both the business reputation and solvency.
Experience overtime has demonstrated that when recovering outstanding monies there are a number of potential prohibiting factors that may be encountered. ICE PACC has been specifically developed taking into consideration all such prohibiting factors.
Business subscribe to the ICE PACC, paying an initial set-up charge and subsequent allocated customer fees, dependent on how many are tracked and monitored.
All business subscribers are given their own secure account, accessed via a unique username and password, enabling the subscriber to assign both existing and new customers.
Their assigned customers are thoroughly credit assessed prior to being engaged. Initial customer set-up procedures include signed terms and conditions, securing the credit, along with other relevant documentation.
Once the customer set-up process is completed the client is then able to process and monitor orders, from the point of inception to settlement.
Each new order will begin a comprehensive credit control journey, promoting due diligence and protecting the clients at every level. This is serviced by a series of e-mailed flags requesting the client to confirm that each phase of the credit control process has been adhered to. Each phase is then documented onto the specific order history and potential areas of concern are highlighted accordingly.
Dispute resolution meeting and subsequent documentation are provided, if required.
If the subsequently entered invoice is paid within the agreed terms that specific order is closed, however in the event of late payment, ICE PACC will automatically initiate all pre-legal recovery action, including the specialist field operatives whilst protecting the subscriber from any reputational risk.
If the account remains in arrears, ICE Legal issues relevant court proceedings, defined by the specific order history. These fees are levied against the debtor an in the event of post-legal settlement are refunded to the subscriber.
In the UK market, providing the ICE PACC process is fully adhered to, the debtor will ultimately be petitioned for their personal bankruptcy unless the account is settled. Therefore registered company directors will be personally cited.
The costs for pre legal recovery are wholly levied against the debtor, and therefore settlement of the account at this stage results in the subscriber receiving the full amount recovered. Consequently there are NO subscriber pre legal fees or commissions levied.
All arrears are paid directly into the subscribers account; at no point are clients monies paid to International Credit Enforcement, ensuring complete transparency.