As a credit grantor, you should be aware of some basic principals when extending credit to clients:
• Extending credit carries an unavoidable element of risk. You will experience cash flow loss through debt regardless how carefully you screen and babysit your potential and current client base. Unfortunately is a "Fact Of Life" for Financial Executives.
• There are fundamental policies that you MUST create, implement and consistently enforce to achieve your most successful… Continue
Posted on May 5, 2009 at 1:53pm