Elements and Performance Criteria
- Establish and maintain customer credit accounts and services
- Lines of credit and other credit facilities are established and communicated to customers
- Payment schedules by customers are monitored
- Debtors are regularly identified and listed to initiate follow-up action
- Debt recovery procedures are initiated and if unsuccessful approval is sought to write off bad debts
- Maintain customer information system
- Status of credit accounts is conveyed to customers on a regular basis.
- Statistical returns displaying actual against anticipated performance are prepared
- Database information regarding products and services sales on credit is maintained
- Customer queries are dealt with promptly and courteously
- Security of database and data integrity is maintained