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.

Learn more about credit management

More on financial management: Accounts Receivable Factoring, Credit Rating, Customer Profitability Analysis, Debt Settlement, Investor Relations, more...

MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.

We love to keep things really short, but provide links to learn more about your subject and to similar concepts.