Credit Management

Definition: Credit Management is an approach consisting of multiple techniques to assure that buyers pay on time, credit costs are kept low, and poor debts are managed in such a manner that payment is received without damaging the relationship with that buyer.
CM can be taken care of by a company’s credit department possibly in cooperation with a trade credit insurance company.

More on credit management. More on financial management: Accounts Receivable Factoring, Credit Rating, Debt Settlement, Investor Relations, Job Order Costing, more...