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Impact of Credit Management on the Profitability of a Manufacturing Firm PDF Form

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it is important to perform due diligence and look into who you are doing business with researching a customer's credit history is a great way to gain insight a credit history report can help in predicting if your customer will be able to repay debts should you find that your potential customer has a low credit score it would be a good idea to require a deposit on your goods or services consult as many sources as possible get insight in the stability and liquidity of your customers by gathering information from different sources by combining external sources with your own experiences you are able to assess risks more accurately study the customer business practices that influence payments try to eliminate all obstacles limit issues and make some best practices in your own processes to improve payments [Music] you

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