Manufacturing

Collection and Dispute Management

Article

The objectives of the Collection team are to:

  • Facilitate a seamless processing of Sales orders within a specific risk guideline defined by the Credit and Collection department
  • Liaise with the Sales department and the credit department to anticipate any future discrepancy between the Sales plan and the maximum risk exposure
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Credit and Collections Department Should Be Generating Revenue

Article

Next time you are spending quality time with a client, at a board meeting, or getting an update from the CFO you may want to inquire about practices of their company's credit and collections department. The credit and collections department is constantly interacting with the company's customer base. This provides them with opportunities to augment sales, identify customer...

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Credit Risk Management

Article

Credit risk is defined as the likelihood of loss resulting from a customer's failure to pay for the goods delivered. It is the responsibility a Credit Manager to verify that all customer files are complete and contain all the necessary information to protect the accounts receivable.

 

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