How to Write an Effective Credit Policy

Training Provided by Lorman Education Services nThis teleconference will help you establish and adhere to a corporate credit policy. You will receive a template outlining the scope of the credit policy, defining areas that must be addressed to create a comprehensive policy, and delineating the areas of responsibility and accountability required to create a credit department that is effective and responsive to company needs. This will be especially helpful in reviewing and updating your present credit policy.

How to Write an Effective Credit Policy Agenda

1. Creating a Credit Policy That Can Evolve
1. Create a Living Document That Can Change With Company Needs and Respond to External Pressures
2. Developing Your Policy
1. Mission and Vision Statements
2. Goals Defined by Senior Management
3. Strategic and Tactical Planning
3. Written Policy Benefits
1. Structured Approach to One of the Largest Controllable Assets
2. Consistency Among Departments
3. Consistent Approach Toward Customers
4. Departmental Organization
1. Authority and Responsibility
2. Who, What, Where, When and How?
3. Measurements and Budgets
5. Compliance and Regulatory Issues
1. Credit and Collection Regulations
2. Sarbanes-Oxley and Credit Management
3. Sales Tax Audits
4. Anti-Trust and the Exchange of Credit Information

About The Training Provider: Lorman Education Services

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