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This is an excellent credit policy developed for a medical devices company and it contains many unique ideas
Industry: Medical, including specialists, clinics, hospitals
Length: 4 pages
Unique elements: good use of color, direct links to the company's credit app and final demand letter, a footer that includes a version # for the document, and a date it was valid, and a confidentiality statement.
Included:
- Purpose
- Scope
- Policy, including:
- organization of the credit department
- credit terms
- extended terms policy
- new account setup details
- credit line approval authority
- third party collection agency procedures
- deductions
- debtor-in-possession policies
Credit Policy for Medical Devices Company
Download this sample template to apprise med-tech companies about credit and collections policies including payment terms and conditions.
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