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How does a business benefit from credit management implementation?

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asked Dec 11, 2019 in finance by brooksbranner (160 points)  

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Credit management can aid businesses to identify customers who cannot pay on time, as well as run the risk of non-payment. Thus, they provide the company with additional information about customers through consumer trace and identify verification. This paves the way for a healthy customer-centric relationship. (Information source: https://www.accountability.co.za/ )

answered Dec 11, 2019 by terrianderson (180 points)