With the onset of the National Credit Act (NCA) you may find yourself in a situation where compliance issues have a noticeable impact on the processes and procedures followed in your business when you grant credit.
The NCA provides specific guidelines in terms of credit agreements, credit granting procedures, fee structures, and consumer rights as well as on the collection of debt that you need to abide by.
Non-compliance to any of these provisions can have a severe impact on your business as the National Credit Regulator is taking visible action against non-compliers.
Compuscan Academy is able to assist you in determining your level of compliance to the NCA and in preparing for any audits to be conducted by the Regulator. Coupled with a workshop on the compliance requirements of the Act for your managers and employees, we will do an assessment of the extent to which the provisions of the NCA are being implemented in your business by means of documentary analysis, observations, interviews and surveys.
We will also identify and recommend any actions or steps that you would need to take to meet the NCA’s compliance requirements and assist you with the implementation thereof. In using our NCA Pre-Readiness Audit Service you will not only be prepared for any audit by the Regulator, but also to become and remain compliant.
You will be able to resolve any areas of non-compliance quickly and effectively with the assistance of Compuscan Academy, saving you resources.