Credit management is the process of controlling and collecting payments from
customers. This is the function within a bank or company to control credit policies
There is no clear definition of what credit management is. It is usually regarded
as assuring that buyers pay on time, credit costs are kept low, and poor debts are
Credit manager definition, a person employed in a business firm to administer
credit service to its customers, especially to evaluate the extension and amount of
Definition of credit management: A function performed within a company to
improve and control credit policies that will lead to increased revenues and...
Position Description: Credit Manager. Reports to: Treasurer or Chief Financial
Officer. Basic Function: The credit manager position is accountable for the entire
This is where a credit manager comes in. By evaluating the creditworthiness of
applicants for loans and other types of credit, the credit manager plays a crucial ...
The purpose of the credit management policy is to define rules on all steps that
are likely to generate business risk by committing financial resources. This is ...
Definition of credit management: Alternative term for credit control.
Jan 7, 2013 ... Credit management is of vital importance to your cash flow: you can be ... In that
way you will not have AR, meaning all your cash is ready ...
Managers may develop credit rating criteria, define credit ceilings and oversee
credit collection accounts. Both small and large financial institutions utilize credit