Are you concerned that the credit limit allocation to your customers is too subjective and worried that your company is exposed to high credit/receivables risk?
Designing a bullet-proof credit process is critical given that for every pound that a business writes off, depending on the gross margins, the sales team has to sell many more dollars to make up for the lost dollars.
A study of credit operations at more than 100 Fortune-1000 organizations revealed that process standardisation for 5 most commonly used credit scenarios including customer onboarding, credit review and blocked order processing doubled credit operations productivity and lowered credit risk.
We have compiled the blueprint of these 5 workflows into a free ebook.
Key takeaways include: