Credit Management

Definition: Credit Management is an approach consisting of multiple techniques to assure that buyers pay on time, credit costs are kept low, and poor debts are managed in such a manner that payment is received without damaging the relationship with that buyer.
CM can be taken care of by a company’s credit department possibly in cooperation with a trade credit insurance company.

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More on financial management: Absorption Costing, Accounts Receivable Factoring, Credit Rating, Customer Profitability Analysis, Debt Settlement, more on financial management...

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