Credit Management Advice
Effective credit management is a key pillar of profitable trading and an integral part of the management of a business. It is not simply a debt chasing chore, it is a management function. Our review will assess:
- Current Credit Policy – is it fit for purpose?
- Process of customer creditworthy assessment
- Credit team resource
- Trading terms and conditions of sale
- Dunning cycle
- Telephone collection techniques
- Dispute resolution
- Debt recovery escalation
We will then provide you with new best practice ideas, to improve quality and efficiency within your credit management functionality, based on our years of experience in undertaking these reviews.