Credit management
ÖNORM D 1040 certification for credit management processes
The ÖNORM D 1040 standard helps organisations implement and improve their credit management processes – including everything from credit checks, risk classifications and credit limits through to accounting and dunning.
How this certification will benefit you
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1
The certification makes it easier to participate in tendering processes.
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2
Risks can be assessed in a logical manner and defaults on payments avoided with greater reliability.
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3
A certification also protects and backs up your organisation's reputation.
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4
Certifications strengthen stakeholder trust in your organisation.
Certifying your management system in accordance with ÖNORM D 1040
You define the scope of your credit management system (for example, sites or divisions) and submit an application for the ÖNORM D 1040 certification.
The certification body uses your application as the basis for assessing the professional requirements and your organisation's readiness for the certification audit.
A comprehensive on-site audit is conducted to assess your credit management system's effectiveness and the extent to which you are implementing the requirements contained in the standard.
The certificate is issued following the successful completion of steps 2 and 3.
Your certificate is maintained on the basis of an annual monitoring audit.
A recertification audit is conducted every three years to verify the ongoing quality of your credit management system in line with the applicable standards.
Want to find out more about the certification?
Please send us your contact details – we'd be happy to assist you!
