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• Why your company needs a Credit Policy
• Write a Credit Policy that fits your company
• areas of your organization that impact Credit Policy
• The differences between a Credit Policy/Procedure and Rule
1A. What is Credit Policy- what is included in it, how do you implement Credit Policy,why your company must have one.
B. What is a Credit Procedure, How many should you have, why they are needed.
C. What is a Credit Rule, how is it different then Policy or a Procedure
IIA. How to establish Credit Objectives for your Credit Department, the benefit of doing So.
B . Look at the four major focal points of establishing a policy.
C . Other influences of establishing a Credit Policy
• Bankers
• Credit managers
• Credit Analysts
• People working in FP&A
• Small business owners
• General Managers
A. Learn the differences between Credit Policy/Procedure and a Credit Rule.
B. You will have all the information you need to learn how to establish a Credit Policy for your company.
C. Know the factors to consider when you are writing your Credit Policy.