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Credit Policy for Credit and Collections Department

Credit policy and procedure manual gives a detailed perspective on integrated credit, order release, collections and customer trade lines.

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About this course

description
lessonOverview

This is a well-crafted credit policy of a major appliance distributor.

Line of business: Distributor

Length of document: 10 pages

Highlights: This credit policy includes:

  • specific procedures for establishing new accounts
  • details on how credit limits are established (by whom, sources of info, etc.) and monitored
  • how they implement floor planning
  • how they use credit insurance
  • details on the order-release procedure
  • collection procedures
  • procedures for turning accounts over to attorneys
  • approval levels and details on how adjustments can be made to a customer account
  • credit card acceptance procedures

As always with a document such as this, this should serve as a great source of ideas - at the very least a starting point from which to build or improve your own policy.

 

 

instructor
name title image description Ins
Credit Today www.credittoday.net      
related
image tag title description link contentType
KPIs and Reporting
Credit Policy - Medical Device Co.
Download this sample template to apprise med-tech companies about credit and collections policies including payment terms and conditions. academy.highako.com/credit-policy-credit-collection-department  
Deductions Resolution
Credit Policy Training for Trade Creditors
This training course on credit policy gives a detailed perspective on the benefits of an integrated credit, collections and dispute management policy as well as a framework to build the credit policy. https://academy.highako.com/credit-policy-trade-creditors-course  

 

About this course

description
lessonOverview

This is a well-crafted credit policy of a major appliance distributor.

Line of business: Distributor

Length of document: 10 pages

Highlights: This credit policy includes:

  • specific procedures for establishing new accounts
  • details on how credit limits are established (by whom, sources of info, etc.) and monitored
  • how they implement floor planning
  • how they use credit insurance
  • details on the order-release procedure
  • collection procedures
  • procedures for turning accounts over to attorneys
  • approval levels and details on how adjustments can be made to a customer account
  • credit card acceptance procedures

As always with a document such as this, this should serve as a great source of ideas - at the very least a starting point from which to build or improve your own policy.

 

 

instructor
name title image description Ins
Credit Today www.credittoday.net      
related
image tag title description link contentType
KPIs and Reporting
Credit Policy - Medical Device Co.
Download this sample template to apprise med-tech companies about credit and collections policies including payment terms and conditions. academy.highako.com/credit-policy-credit-collection-department  
Deductions Resolution
Credit Policy Training for Trade Creditors
This training course on credit policy gives a detailed perspective on the benefits of an integrated credit, collections and dispute management policy as well as a framework to build the credit policy. https://academy.highako.com/credit-policy-trade-creditors-course