Why there is a need to formulate a credit and collection policy?
Share
Why there is a need to formulate a credit and collection policy?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
A well written and comprehensive credit collection policy will: Ensure continuity in the department in the event that key personnel leave the credit department. Help make sure all customers are treated fairly. Ensure consistent credit decisions are being made