For many small and medium-sized enterprises, the ability to extend credit to customers has the potential to open up new business opportunities. However, by opening to these commercial opportunities, businesses expose themselves to financial risks. Too many SMEs struggle with poorly managed credit, leading to late payments, defaulted payments, bad debts, unnecessarily high accounts receivable, and financial instability.
Understanding how to calculate customer creditworthiness, set customer credit limits and apply them forms the cornerstone of good business practice.
Learn about the importance of customer credit management and how we can assist you in confidently offering credit to your customers.