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

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

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Question added by Nadia Ahmed Mohammed Saeed , T/L. Credi t& Risk , Canar Telecommunication Co. LTD.
Date Posted: 2014/02/17
Rakesh Chauhan
by Rakesh Chauhan , Finance Associate - North & East India , Thermo Fisher Scientific - Life Technologies

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
by Firoz Mamula , Financial Controller , Hilal Cement Company KSCP

Reduce Bad debts thereby increase profitability.

Increase cash liquidity.

kephas mtonga
by kephas mtonga , senior Relationship officer , madison finance

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

naresh chander
by naresh chander , middle management , claresta hotel and resorts

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.