Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Is credit and accounts receivables management one of the main objectives of the credit control Manager?

user-image
Question added by Nadia Ahmed Mohammed Saeed , T/L. Credi t& Risk , Canar Telecommunication Co. LTD.
Date Posted: 2013/04/25
Thamer Waleed sirriyah
by Thamer Waleed sirriyah , credit officer , Yousef Ahmed Alghanim & Sons conpany

There is a difference between credit and management of receivables, this does not mean that they are not the main objective, but they are the main objective as the oversight role of credit lies in the completion of credit transactions on the basis of standards forcing the customer to pay the receivables due from him, and lies role also in the control of the legality of the transaction so that the positionour legal terms of the signed papers and in terms of completeness.
I hope I have answered your question so as to achieve what you mean Thank you

Yusuf Kenneth Saldanha
by Yusuf Kenneth Saldanha , Managing Partner , Euro Creations Inc NY

The main objective being to monitor a business cycle & to meet routine business requirements.

Umair Baig
by Umair Baig , Branch Ambassador , Capital One

Credit Control is the process of limiting the credit to bad risk clients and extending to credit worthiness clients.
Monitoring the receivables and having your employees effectively collect the debts is where the management part comes into play.

Yassir Khalid
by Yassir Khalid , Lecturer: Actuarial & Financial Mathematics , King Fahd University of Petroleum and Minerals

Yes, it is.

Yes, of of course.  The 'Credit Management' OR 'Credit Control' works on a principal of 'Prevention is better than cure'.  But still, their duty ends only when the invoice is get paid.

Mohamed Fadle
by Mohamed Fadle , محاسب عام , شركة حياة أسهل للصيانة والتشغيل المحدودة

Sure, of course ...
Credit control management and from my destination of view created specifically for the management of accounts receivable and credit in terms of maintaining the allowable credit limit with the employer ...
Management accounts receivable / payable and certain credit = credit control management.

sana imam
by sana imam , manager , Union Bank of India

yes, both of them are an important part of monitoring of the loan account. 

Both these things reflect the condition of the business

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.