A consistent focus for businesses of any size is how to control their debtors and ensure optimum cashflow in order to grow and be successful. Credit Management is a pivotal part of the finance function and the Credit Manager’s role has changed and evolved significantly in recent years. Credit Management is not only about controlling the debtors ledger, but increasingly about being able to partner with different departments throughout an organisation to educate on the importance of timely payments and strict control of customer invoices.
The Credit Manager in today’s market is highly commercial aware, highly risk intuitive, possesses excellent interpersonal skills for managing and negotiating customer relationships, as well as being able to ensure both the Credit Control and Sales teams work cohesively. A rising number of Credit Professionals are also achieving their Chartered Qualification to enable them to progress in their careers.