Credit & collections policy

October 23, 2020


Q.¬†Background: According to recent research, higher performing companies typically have a written policy in place (for the Credit & Collections and/or AR Department). Of all the companies surveyed, 59% have a policy, 31% do not, and 9% do not know if they have one. Questions:1. Do you have a credit and collection policy in place?2. If you do, when was the last time you updated it?3. Are people in your organization following it? A. (Answered by the IOFM Advisory Panel) ----- We do have a credit…

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