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Normally all banks and financial institutions (service sector) have separate credit control department.

Is it necessary for manufacturing company other than AR management of accounts department?

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Question added by Mrinal Deb , Manager - Finance and Accounts , Comfort Diagnostic & Nursing Home
Date Posted: 2013/07/25
Nadia Ahmed Mohammed Saeed
by Nadia Ahmed Mohammed Saeed , T/L. Credi t& Risk , Canar Telecommunication Co. LTD.

Credit Control Deptment:

  • Meet the bank  to discuss the overall situation,
  • Help bank  to write a realistic budget.
  • Assist the bank  in getting back on track with repayments
  • Meet with the credit control committee on it's behalf and arrange a Change of Agreement, if necessary .
  • And  do not charge the members a fee for this service!

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