Competent management seeks to not solely protect the vendor from attainable losses, but additionally defend the customer from creating more debt obligations that cannot be settled in a timely manner. Businessman giving a thumbs-up The strategy of credit management begins with accurately assessing the credit-worthiness of the client base.
The Creation Process
Automatically linking credit information decreases the proportion of non-paying new customers. By routinely integrating the debt collections within the course of, the share of non-paying existing prospects also decreases. Implemented accurately, credit management directly contributes to profit because of lowering late cost, bettering money circulate and reducing DSO...Read More