Credit Management belongs to the broad subject of Accountancy which deals with inspection and administration of the credit records and payments of the customers, clients.
Credit Management answers the clients’ questions regarding their credit and payment history and credit and payment processes. The management organizes the internal movements of the flow of credits and payments as well as reconciliations regarding conflicting schedules, conflicting payments, and promissory notes while at the same time maintaining the good relationship with good clients.
On the other hand, bad debtors are handled with due process. Legal actions are filed against them should they fail to comply with the payments or should they refuse to pay their debts.
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