How does the effective credit control and query management enable the business?

Question

Effective credit control and query management should enable your business to;
• Improve cash flow
• Reduce debtor days
• Increase customer service
• Cut the cost of cash collection
• Eliminate manual processes
• Speed up the query resolution process

Rakesh Chauhan · Answer

Credit Control improves cash flow in a cost effective way in order to smoother flow of working capital, reduce overdue to avoid bad debts. Analysis & facilitate to preparation of financial & management reports to give update and timely information to management in decision making.

Improve customer service, resolve dispute/discrepancies and help to build healthy business relation.

It help to sustain organization in long run.

Firoz Mamula · Answer

Reduce Bad debts thereby increase profitability.

Increase cash liquidity.

kephas mtonga · Answer

enables the business to improve on cashflow ,reducing debtor days and increase customer

naresh chander · Answer

you need to list down tasks & assign the task with timely manner which will utilize all your logistic equipment or vehicles and it will reduce the excess numbers.

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استخدم تطبيق بيت.كوم

ابدأ بالتواصل مع الأشخاص وتبادل معارفك المهنية

How does the effective credit control and query management enable the business?

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