Credit Department Core Activities

The credit function is a valuable asset to a company's business. Using creative methods to structure transactions so that sales can be approved, the credit department makes a significant contribution to sales and profit maximization by knowing when and how to accomplish the sale while minimizing risk.

The core activities of the credit department are:

• Customer and credit analysis
  
• Developing credit policy
  
• Managing the collection function
  
• Setting credit availability thresholds
  
• Management reporting