Why Does My Business Need Them?
Credit procedures are the regulations which implement the credit policies. Without credit procedures, your people will not know how to make your wonderfully thought-out credit policies work. This white paper reviews how to implement credit procedures, which are the detailed statements which make the policies function. Credit procedures represent the daily operating instructions for the credit department to follow. In other words, the answer to “How do I do it?” is “See your procedure manual.”
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