Credit Management Success

12 Secrets to Credit Management Success

To successfully manage credit, organizations must first proactively balance customer accounts and credit lines with the need to facilitate sales and developing solid, long-term relationships with customers. Learn the 12 ways best-practice credit leaders implement well-defined policies, manage the credit life cycle; and promoting clear, regular communication. Key considerations include:

• Ensure client credit limits have been properly established
• Clearly define the credit policy and review payment terms with each customer
• Create a clear, documented policy for managing the collection process