Master the essentials of credit management with this practical guide.
It offers clear, experience-driven methods for credit offices, collections, and understanding insolvency, all aimed at helping readers forecast results and protect profits.
This edition distills the author’s hands-on experience for the lay reader, outlining the modern, science-based approach to granting and collecting credit. It covers credit department routines, information sources, insurance, and the role of the collection and bankruptcy processes in everyday business.
- How to set up and run a credit department for faster, safer approvals.
- Practical checks for evaluating customers, managing risk, and using information sources.
- Strategies for collections, from letters and drafts to legal avenues and adjustments.
- Foundations of insolvency knowledge, including bankruptcy procedures and claims.
Ideal for readers involved in credit, accounting, and small-to-mid-size business management seeking practical, action-oriented guidance.