by Lalvir | Apr 1, 2022 | Credit Management
In a small or medium business, steady cash flow and working capital are quintessential for running day-to-day activities. Timely payments from suppliers and customers are the prominent source of cash flow for many businesses. Hence, having effective credit management...
by Lalvir | Mar 24, 2022 | Credit Management
Credit management is essential for any business as it ensures enough working capital to maintain its day-to-day activities. Credit management is a time-consuming and complex task. No company wants to spend too much of its valuable resources and time on it. Following...
by Lalvir | Feb 23, 2022 | Credit Management
Credit management is the process of granting credits to consumers while adhering to credit management standards. In the management plan, a credit manager must keep several things in mind, including ensuring that the firm receives revenue, that credit is returned on...
by Lalvir | Nov 24, 2021 | Credit Management
Credit management is a broad term to study. You have to understand the minutest details that make your credit management policy effective. While lending funds to the other party, you should document everything. You must clear the payment terms and talk about late...
by Lalvir | Sep 9, 2021 | Credit Management
Business credit management is not a new term. It has been practiced for decades by business owners who aim to make their companies debt-free. Also, it helps your firm enjoy a smooth cash flow. Credit management is the process of granting credit to your...
by Lalvir | Jul 10, 2021 | Business Credit Management, Credit Management
Recovering bad debts is tricky. You have to make proper arrangements to ensure you don’t miss time to collect payment from your debtor. Not only do you have to take care of documentation, but you also have to find tricks and techniques that work in your favor. During...
