The primary audience of the Credit Management guidelines are companies’ units that are directly involved in financial decisions, managing financial risks, and financial forecasting while ensuring processes and procedures are in place to maximize revenue and cash flow.
The objective of this document is to assist the GSC members in standardizing credit management guidelines.
The benefits that the guidelines are envisioned to bring to GSC members are as follows:
- Help the GSC members formulate a set of guidelines (if none is yet in place) according to their needs; or review their existing policy and enhance according to latest standard credit management policies.
- Ensure efficiency in managing accounts receivable
- Opportunity to exchange information about blacklisted companies.