Fin 012

Financial Stability

improve cashflow and reduce bad debt

Operational Efficiency

cost optimization and improve productivity

Risk Management

minimized credit risk and compliance with regulations

customer relationship

enhance customer satisfaction

overall business health

complete ccm

credit policies and procedures

are framework for business to make risk associated with extended risk

customer qualification

background check on creditworthiness of customer (it’s reputation)

credit terms

when and how much

application and approval

need to apply before you got approved

collection and monitoring

monitor if paid or not (send invoices or notices)

Legal and Compliance

must comply need permit to borrow

credit extension

extension of paying borrowed money

payment

(bayad) paying back the money owed

collection

(panukot) need to send invoices if not get paid on time