System to put control on customer accounts to try to help ensure invoiced payments made on time and work within credit terms.
Credit Control is the system used by a business to ensure it gives credit only to customers who are able to pay, and that customers pay on time.
Credit control is part of the Financial controls that are employed by businesses to ensure that once sales are made they are realised as cash or liquid resources.
Credit control may include a number of sections including credit approval, credit limit approval, dispatch approvals and collection processes.
For help establishing your Credit Control procedures call on 01296 613355