Comprehensive Credit Cost
Andriy Sichka, creditologist
founder and managing partner at Credit Engineering
The business expects from its credit function four things at the same time:
a) Minimum overdue
b) Lowest possible bad debts
c) Avoidance of lost sales
b) Reasonable expenses
All four could be translated into cost and help to see whether a company manages credit effectively. So the cost of credit could be the answer to a significant part of unanswered questions.
For example the if a company writes off a million a year spending zero on either credit analysis and credit security, it is quite clear what to do. Similarly, when cost of credit personnel has been cut , there is no wonder that a company faces an increase of the cost of overdue. And so on and so forth.
If you want to know more about this method, feel free to join online us on Friday, March 10th at 7 pm CET.?Do not forget to register here https://www.dhirubhai.net/events/thecostistheanswer7026095202398277632
The new flow of the course?Credit and Accounts Receivable Management?starts on?May, 8th 2023?
Here you can also find a detailed program of the course:?
Feel free to reach out to me if you have any questions.
Stay tuned, there are more interesting?events?ahead!
Bon Crédit ???
managing partner
www.creditengineering.com