Credit Managements main purpose is to manage and monitor the credit risk of the company towards its customers with the final aim to reduce the risk of A/R write-offs to a minimum. As such CM has to continuously monitor the credit limits for the current customers, is performing credit investigations for new customers and determines a credit rating. In addition, CM is as well responsible for the collection of overdue invoices. This includes the co-operation with lawyers, collection agencies and insolvency administrators. Finally, CM provides regular reporting on the development of bad debts, open...