Understanding Customer Credit Management
Customer credit management is a critical process that involves evaluating, monitoring, and managing customer credit to minimize financial risks. The focus keyword here is customer credit management, which helps businesses make informed decisions and secure revenue streams.
Importance of Customer Credit Management
Implementing a strong customer credit management system ensures reduced payment delays and better cash flow management for businesses.
How Customer Credit Management Works
It involves assessing the customer’s creditworthiness, setting credit limits, and monitoring payment behaviors.