Credit management

Kreditstyring omfatter de processer, som virksomheder bruger for at administrere de kreditter, de yder til deres kunder. Det handler om at sikre, at kredit bliver ydet på en ansvarlig måde, så virksomheden ikke lider store økonomiske tab, hvis en kunde undlader at betale. Kreditstyring bygger ofte på en virksomheds kreditpolitik, som fastlægger retningslinjer for kredittider og -maksimum.

Why is credit management important?

Effective credit management helps businesses reduce the risk of losses due to bad payers. It's impossible to eliminate the risk completely, but by implementing tight credit management procedures, businesses can reduce the likelihood of large financial losses.

How does credit management work?

Credit management varies from company to company. For some companies, it can be a simple process of monitoring credit times and payment terms. Other companies have dedicated teams working to assess the financial health of customers and continuously adjust credit limits and credit terms based on data such as payment history and accounting information.

Credit management as a tool to improve liquidity

For companies with tight liquidity, tight credit management is essential to ensure that customers are not given longer credit terms or higher credit limits than is responsible. Conversely, companies with greater liquidity may choose to offer more flexible credit terms to attract and retain customers.

Qatchr as a credit management solution

Using Qatchr, our proprietary credit platform, businesses can access advanced credit checks that allow them to make informed decisions about how much credit to extend to a customer. This tool can help optimize your credit management and reduce the risk of financial loss.