Marine Debt Management (MDM) was founded in 1989 to meet the need for a debt collection service specifically for the global shipping industry.
Five years later, demand from clients led to the launch of our Credit Check reports service, provided tailored credit information on ship owners, operators and managers world-wide.
CLIENTS include ship chandlers, port agencies, marine suppliers, ship repairers, telecommunication providers, catering contractors and many others. By accessing MDM’s specialist services, clients benefit from our in-depth knowledge of, not only their current and prospective customers but also our understanding of their businesses and the markets in which they operate.
SALES teams are able to use the information we provide to better focus their efforts on profitable sales. Our reports on current and prospective customers enable them to offer the most appropriate payment terms. We understand the highly pressurised and competitive environment in which they work. Our cost effective support gives increased confidence to sales personnel and ensures opportunities are maximised whist risk is reduced.
CREDIT managers and controllers use our services to help them improve company cash flow by speeding up the collection process and reducing bad debts. They can prioritise their work on large and regular accounts, thereby further improving Days Sales Outstanding (DSO). Information we provide offers early warning of potential difficulties and enables them to better inform and advise company management.