Credit Control Definition
As you put the following tips and practices into use, understand that credit management is not a one-off project. With success, you can accelerate bill funds and help optimize the working capital your group has to work with. This creates funds your company can make investments sooner or later and proves the worth of effective credit management to the whole group. The sustainability of your business, its profitability, its cash move and its ability to grow by its personal financial resources is dependent upon the performance in credit management. He / she intervenes in the full sales means of the company, from business prospecting to last payment of invoices. He works in collaboration with the gross sales department and the legal division. He is liable for the good management of buyer excellent, that is to say the turnover acknowledged and not yet paid.
Credit management offers with promoting of products …