Payment collections and financial management

Novolog manages collections from end-customers for its distribution partners and transfers the total payments accumulated to each partner’s credit in an orderly manner.

Novolog’s information systems provide its partners with up-to-date daily information about inventories and the volume of sales transacted for each product, every day, at each of the hundreds of distribution points nationwide.

Novolog’s financial solutions are also customized for each partner and for each end-customer. A customized payment schedule is built for each partner according to its preferences and volume of activity. Fees are according to sales or are fee per service.

Novolog’s financial department is responsible for defining the credit terms for end-customers, including credit insurance aspects, for managing collections, for reporting to the distribution partners and for transferring the payments to them that Novolog collected for them.

‍