{"id":32339,"date":"2024-05-28T11:50:43","date_gmt":"2024-05-28T11:50:43","guid":{"rendered":"https:\/\/www.factris.com\/?page_id=32339"},"modified":"2025-08-01T11:18:47","modified_gmt":"2025-08-01T11:18:47","slug":"knowledge-base-credit-management","status":"publish","type":"page","link":"https:\/\/www.factris.com\/en\/knowledge-base\/credit-management\/","title":{"rendered":"Credit management (Knowledge base)"},"content":{"rendered":"<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/www.factris.com\/en\/\">Home<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>Credit management (Knowledge base)<\/strong><\/span><\/span><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-credit-management\">What is credit management?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.factris.com\/en\/news\/what-is-credit-management\/\">Credit management<\/a><\/span> is the process of managing credit and managing a company&#8217;s accounts receivable portfolio. It includes all activities related to setting credit limits for customers, checking <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.factris.com\/en\/knowledge-base\/creditworthiness\">creditworthiness<\/a><\/span>, managing payment terms, collecting outstanding accounts, and minimising <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.factris.com\/en\/knowledge-base\/credit-risk\">credit risks<\/a><\/span>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The goal of credit management is to ensure that companies maintain a healthy <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.factris.com\/en\/knowledge-base\/cash-flow\">cash flow<\/a><\/span> and reduce the likelihood of debts and financial losses. Credit management can be implemented through internal processes or with the help of external service providers, such as collection agencies and <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.factris.com\/en\/news\/what-is-a-factoring-company\/\">factoring companies<\/a><\/span>. The use of automated systems and software for credit management is becoming increasingly popular to improve the efficiency and accuracy of credit management.<\/p>\n\n\n<style>.wp-block-kadence-advancedbtn.kb-btns32542_e5b7bf-bb{gap:var(--global-kb-gap-xs, 0.5rem );justify-content:flex-start;align-items:center;}.kt-btns32542_e5b7bf-bb .kt-button{font-weight:normal;font-style:normal;}.kt-btns32542_e5b7bf-bb .kt-btn-wrap-0{margin-right:5px;}.wp-block-kadence-advancedbtn.kt-btns32542_e5b7bf-bb .kt-btn-wrap-0 .kt-button{color:#555555;border-color:#555555;}.wp-block-kadence-advancedbtn.kt-btns32542_e5b7bf-bb .kt-btn-wrap-0 .kt-button:hover, .wp-block-kadence-advancedbtn.kt-btns32542_e5b7bf-bb .kt-btn-wrap-0 .kt-button:focus{color:#ffffff;border-color:#444444;}.wp-block-kadence-advancedbtn.kt-btns32542_e5b7bf-bb .kt-btn-wrap-0 .kt-button::before{display:none;}.wp-block-kadence-advancedbtn.kt-btns32542_e5b7bf-bb .kt-btn-wrap-0 .kt-button:hover, .wp-block-kadence-advancedbtn.kt-btns32542_e5b7bf-bb .kt-btn-wrap-0 .kt-button:focus{background:#444444;}<\/style>\n<div class=\"wp-block-kadence-advancedbtn kb-buttons-wrap kb-btns32542_e5b7bf-bb\"><style>ul.menu .wp-block-kadence-advancedbtn .kb-btn32542_7979f2-ea.kb-button{width:initial;}<\/style><a class=\"kb-button kt-button button kb-btn32542_7979f2-ea kt-btn-size-standard kt-btn-width-type-auto kb-btn-global-inherit kt-btn-has-text-true kt-btn-has-svg-false wp-block-button__link wp-block-kadence-singlebtn\" href=\"https:\/\/www.factris.com\/en\/knowledge-base\/\"><span class=\"kt-btn-inner-text\">Back to Knowledge base<\/span><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>What is credit management? Credit management is the process of managing credit and managing a company&#8217;s accounts receivable portfolio. It includes all activities related to setting credit limits for customers, checking creditworthiness, managing payment terms, collecting outstanding accounts, and minimising credit risks. The goal of credit management is to ensure that companies maintain a healthy&#8230;<\/p>\n","protected":false},"author":1,"featured_media":8590,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"class_list":["post-32339","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What is credit management? 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