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

Question

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

Nadia Ahmed Mohammed Saeed · Answer

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!