Summary
Credit managers make tough decisions daily about the creditworthiness of potential customers. Because businesses risk billions of dollars annually by extending credit, it's imperative that these decisions are made wisely. The National Association of Credit Management (NACM) has prided itself on giving credit managers the information they need to make these tough decisions in a timely manner. One of the important resources in the Association's arsenal of information, designed to help credit managers distinguish payment history fact from a financially risky fairy tale, is the industry credit group. The networking opportunities made available from industry credit groups is advantageous. In some cases, the information shared in industry credit groups not only saves a company from financial loss, but protects it from being the victim of a crime. Industry credit groups are required to follow the high standards set by federal antitrust laws designed to ensure that free trade is not curtailed.
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Extract
Get the Facts About Industry Credit Groups
Every day of the week, credit managers make tough decisions about the creditworthiness of potential customers. Because businesses risk billions of dollars annually by extending credit, it's imperative that these decisions are made wise...
See the full content of this document
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