Difference between revisions of "Credit Control"

From Open Risk Manual
(Created page with "== Definition == '''Credit Control''' is the system and procedures used by a business to manage its sales ledger, make certain that it extends credit only to customers who are...")
 
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Latest revision as of 17:04, 7 February 2020

Definition

Credit Control is the system and procedures used by a business to manage its sales ledger, make certain that it extends credit only to customers who are able to pay, and that customers pay on time.

Credit control is a key process in managing Credit Risk