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tell me @ the credit management and risk management ?
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Answer Posted / jameer1980
For every business giving the credit is the common
factor.But as a company we need to check the customers
payment track record and the type of customer he is.For
that purpose the credit and risk management concept is used.
For that one credit control area will be defined assigned
to company,and who ever the customers are there in the
company will be assigned the CCA,and the credit limit will
be specified for each customer,and basing upon that credit
limit the tracking of the payment is going to take place.
If any customer the credit limit exceeds and he is not
paid the amount.The sales order for that customer will be
blocked due to the exceeding credit limit of the customer.
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