Credit circuit training with Attis Credit Solutions and Praetura Commercial Finance

From insuring invoices to funding against them, we heard from Steve Hamstead of Attis Credit Solutions and Nick Salmons of Praetura Commercial Finance on how these positives can assist businesses and help develop further understanding within the credit sector.

With plenty of sandwiches, crisps and muffins eaten whilst networking, members and guests were ready to take to the blocks for the starting pistol to fire...and were off.

Split between two rooms for each presentation to take place, Steve Hamstead from Attis was straight into the lead discussing why companies purchase credit insurance and how this gives a level of comfort to businesses when trading with customers new and old. Steve also discussed how credit insurance is utilised in conjunction with invoice funding and can be used as a sales enabler to mitigate and transfer potential risk. Plenty of questions were asked during the workshop style presentation - from how an assessment of any claim is made to the potential turnaround time for settlement to be agreed and paid. The benefits to further understand this sector in greater detail and the sharing of experiences of the attendees was apparent to all.

During the mid-circuit room switch, Nick Salmons from Praetura showed his resilience by closing the gap heading straight into the second session. Nick opened with an overview as to the benefits for asset-based lending and how it can be used across several areas within a business to aid growth and assist cashflow. A main point highlighted within the discussion was how lending can also improve credit risk management through better monitoring processes, in turn allowing additional flexibility and understanding for ongoing customer communication. Lots of questions were asked pertinent to Nicks view on how funding and credit insurance can both positively work together allowing credit managers and decision makers more freedom within the business.

Coming to the end of the credit training circuit it was clear that Steve and Nick were both on top form and deserved a shared spot on the winners’ podium, as evidenced by the positive feedback received.  All guests thanked our presenters for their time and the information and insights generously shared.