A business credit policy outlines the credit department’s clearly stated governing principles involving trade credit. An effective credit policy should align your corporate goals with business procedures and help your company reduce bad debt and write-offs. It should also serve to strengthen your company’s payment cycles and lead to increased profitability. It needs to be updated periodically – ideally, once a year, reflecting new processes for credit and collections as tolerance for risk shifts across the portfolio.

Jocata Financial Advisory and Technology Interview Questions: About Credit Policy

Asked inJocata Financial Advisory and Technology,Senior Business Analyst

About Credit Policy

PREM KUMAR

A business credit policy outlines the credit department’s clearly stated governing principles involving trade credit. An effective credit policy should align your corporate goals with business procedu...read more

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