How Outsourced Admin Helps Credit Control Department

Peterbrown92907 Jun, 2021Business

Credit Control is a department that determines the limit of offering credit to customers. It is responsible for chasing up late payments. This department is in charge of trade credit and recovering the unpaid debts. The key objective of any successful business is to optimize cash flow and avoid bad debts. For this, there has to be a credit control system. Unlike other processes, credit control is a mix of various elements of other process and is often a big burden on in-house accounting teams.