Thursday 28 November 2013

Wescot Credit Services - Strategic Priorities

Like all businesses Wescot Credit Services understand the importance of having a clear, defined strategy in place. Wescot Credit Services also know that it is vital that this strategy fits in with the ethos of the firm and ensures that they remain true to their core values, which include being entirely clear to their customers and always ethical.


One of the major objectives for Wescot Credit Services is to ensure that they fulfil the FCA requirement with absolute clarity and efficiency. Direct contact with both customers and the FCA is one of the ways that this can be fulfilled although there are many others, such as the development of a defence compliance model, maintaining and developing current training systems, creating dialogue across the Wescot Credit Services client base and also ensuring that this delivery is evidenced throughout.

Another major strategic priority for Wescot Credit Services is to ensure that each and every customer the company engages is provided with a fair outcome. The company plan to deliver this by conducting an on-going assessment of their customer engagement channels and developing these to ensure they always understand their clients requirements. It is also important for Wescot Credit Services to continue  to invest in finding ways to give the customer a choice in how they interact with Wescot Credit Services, how they can make payments when needed and also how they can receive the information they need when they need it.

Finally, Wescot Credit Services strive to ensure that they always fully understand the client’s needs and priorities and can deliver these in a prompt fashion. They intend to do this by maintaining a strategic relationship, with the client which allows the client to come to Wescot Credit Services to advise how they need their particular offering to be tailored to suit their requirements. It is also important for Wescot Credit Services to be seen as a recovery service and early collections provider rather than someone who is competing the client for the value in an asset that the client has created.