Credit Management is the submodule that significantly helps a company reduce its credit exposure by using tools that increase the probability of customer invoices being paid. In Chapter 5 we covered the A/R portion of credit management, which involved setting up credit limits and monitoring customers against their credit limits. This functionality is relatively manually intensive and not dynamic. Decisions regarding customers’ credit limits should not be arbitrary; you will learn in this chapter how this need not be the case.
Credit Management, from Financial Supply Chain Management, offers you functionality that utilizes external sources of data, such as credit rating providers, to help you manage the process of extending ...