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Why the credit man, credit Manager, credit investigation, credit work, credit policy, credit file and credit frauds important in the credit and collection of a company?​

Sagot :

Answer:

It is critical to include a section in the policy that defines the precise tasks and responsibilities of the credit and collections employees.

Explanation:

This aids in streamlining operations, avoiding redundancy, and increasing efficiency. The credit and collection function is a critical component of every business's operations. The credit department can make a substantial contribution to sales and profit maximization by using creative strategies to organize transactions so that sales can be approved whenever necessary.