PPT-Credit Management 5.01 Understand Credit Management

Topics Main Types Of Credit Common Advantages and Disadvantages of businesses using credit Cost of Credit Main factors examined for granting credit Credit Documents Credit Regulations Credit Assistance. Oracle Credit Management gives y ou the information and tools you need to monitor and evaluate the creditworthiness of your customers and make informed credit deci sions faster With a wealth of timely internal and external data you can balance growt That principle has to be the foundation upon which all to no more than weighing the benefits of granting credit against the cost to and the cost incurred in late payment It should always be remembered that there is an inevitable time delay between f Negotiate lower rates with lenders and grow your business more quickl y Have suppliers and lenders report your good payment behavio r YO UR BUSI ESS CRED IT PR OF IL Make safer decisions when extending credit to customers Spot sales opportunities wi Credit Management. Main Types of Credit. Credit. : An agreement to obtain money, goods or services now in exchange for a promise to pay in the future. Main Types of Credit. Charge Accounts. Credit Cards. Credit Management. Three C’s of Credit. Character. Honesty to pay a debt when it is due.. How past debt obligations were handled. Capacity. Refers to a person’s ability to pay a debt when it is due. Management Roadmap to Improvement…’. The Credit Management Journey. . ‘Building Credit Together’. One Team One Goal. European Conference. Amsterdam 14. th. – 16. th. April 2013. Nick King, MICM. Credit Management. Main Types of Credit. Credit. : An agreement to obtain money, goods or services now in exchange for a promise to pay in the future. Main Types of Credit. Charge Accounts. Credit Cards. ICTF Symposium – Emerging Professionals . Madrid, May 23. rd. 2016. A brief introduction. Today’s session. How important is credit management?. Where do you start with improving?. What are the best practices?. Essential Standard 5.00. 1. Understand credit management. Objective 5.01. 2. Main types of credit. Common advantages and disadvantages of businesses using credit. Cost of credit. Main factors examined for granting credit. The Credit Management Journey. . ‘Building Credit Together’. One Team One Goal. European Conference. Amsterdam 14. th. – 16. th. April 2013. Nick King, MICM. Group. Credit Director. 1. HEADS or TAILS. ICTF Symposium – Emerging Professionals . Madrid, May 23. rd. 2016. A brief introduction. Today’s session. How important is credit management?. Where do you start with improving?. What are the best practices?. ICTF Symposium – Emerging Professionals . Madrid, May 23. rd. 2016. A brief introduction. Today’s session. How important is credit management?. Where do you start with improving?. What are the best practices?. Amsterdam 14. th. to 16. th. April 2013. Recognition of ‘Best Practice’ in Credit Management. Chris Sanders. MICM. Head of Accreditation – QICM. UK Institute Credit Management . ICM. Corporate . Credit Management. Three C’s of Credit. Character. Honesty to pay a debt when it is due.. How past debt obligations were handled. Capacity. Refers to a person’s ability to pay a debt when it is due.