One of the most challenging issues that businesses face, regardless of their size, is ensuring payment for their goods and services.

Businesses face many challenging issues and one of them is the bad debtors that eventually affect the whole business regardless of its size not receiving payments for the goods or services delivered to the customers.

The credit insurance(popularly known as payment protection insurance), originally developed in USA, has witnessed a spectacular growth throughout the world.

Generally, when viewing the balance sheet of any organization, it will be possible to find that the accounts receivable represents to nearly 40% of their assets.