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Credit MNG 101
Credit MNG 101
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Introduction of Credit Management
Credit management is the process of granting credit, setting the terms it's
granted on, recovering this credit when it's due, and ensuring compliance with
company credit policy, among other credit related functions
Switching an account to Care Cart often prompts quicker payment as this emits
the signal that the account is being treated more seriously.
The key to recovering delinquent accounts is to refer them to ACM earlier. For
companies, extra costs are incurred over time including interest, banking,
overhead, restrictions on growth, and recovery costs.
Better Cash Flow Management
Advance Credit Management will increase cash flow through increasing recovery
rates, reducing the average days outstanding and lowering collections costs.
Additionally, Care Cart helps companies with limited resources during annual
leave and seasonal or promotional peaks in business activities.
We free time so that in house staff can focus on their main job tasks.
Staff Suited to Demands of Collection
Companies have found that it takes a certain and rare type of individual to
perform debt collection tasks well over time.
Often companies do not have these people. Employees not suited to collections
activities find it stressful. Thirty minutes of collections work for these people can
impair productivity for the rest of the day.
Care Cart maintain well trained collections specialists suited to producing results
with the emotional requirements of the job factored in.
Protection of Brand Image
Customers who make regular payments are less likely to seek similar
products/services elsewhere.
Website : http://www.care-cart.com/
Email Id : cart@care-cart.com