CICM
AUGUST 14, 2023
To celebrate, here are 13 Best Practices in Credit Management and Collections. Have a Credit Policy Emphasise the importance your business places on managing financial risk by setting out your policies and procedures in a Credit Policy , which is made available to all staff.
On Guard
FEBRUARY 17, 2022
Checking customer creditworthiness. It also doesn’t hurt to check the creditworthiness of new customers. All kinds of smart tools are now available that continue to monitor the creditworthiness of customers throughout the year. Good insight doesn’t stop with determining creditworthiness. Taking out credit insurance.
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Taurus Collect
APRIL 9, 2024
This introductory guide aims to explore the mechanics of No Cure No Pay debt collection and its potential to revolutionise financial management strategies for businesses across the UK. The Collection Conundrum: Details and Challenges Understanding collections goes beyond a simple “payment is due” notification.
Credit Corp
MARCH 8, 2021
These guidelines are critical for businesses selling their products and services in credit. When broken down into essential parts, a credit policy includes: Evaluation of a customer’s creditworthiness Decision process to extend credit to customers (terms, conditions, etc.) Reports directly to CFO Collections manager.
On Guard
MARCH 15, 2022
Check the creditworthiness. It can be useful to check the creditworthiness of (new) customers. There are now all kinds of smart tools available that continue to monitor the creditworthiness of the customer throughout the year. Not every manager involved has sufficient insight into the customer’s profile.
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