Benchmarks: Credit Practices

February 19, 2015

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February 2013 Credit management is the first line of defense in protecting a company's most valuable asset: cash. Each company must determine a risk factor that will allow it to gain adequate market share without having an uncollectible receivable amount that jeopardizes the company's financial health. However, each company determines risk differently. The following survey looks at credit department structures, current credit concerns, and methods used to determine and extend…

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