Steven M. Bragg
Abstract
Companies tend to pay too little attention to the credit function, which can result in the extension of an inappropriate amount of credit, as well as collection problems at a later date. This chapter reveals how to manage the credit function and reduce credit risk, resulting in fewer bad debts and a well-balanced investment in accounts receivable.
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Companies tend to pay too little attention to the credit function, which can result in the extension of an inappropriate amount of credit, as well as collection problems at a later date. This chapter reveals how to manage the credit function and reduce credit risk, resulting in fewer bad debts and a well-balanced investment in accounts receivable.
Key concepts: Accounts receivable, Function (biology), Debt, Business, Investment (military), Credit reference, Credit enhancement, Credit risk