Credit Management
Back to GlossaryWhat is Credit Management? Credit management involves establishing and enforcing policies and procedures for extending credit to customers and managing outstanding receivables. It balances the goal of maximizing sales with minimizing the risk of non-payment. Effective credit management improves cash flow, reduces bad debt, and maintains strong customer relationships.
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A complete guide to Credit and Risk Management
Learn about the credit and risk management essentials and how credit management automation streamlines the accounts receivable department. Read now!
Merck achieves fully integrated order to cash
Merck has largely automated its credit and receivables management by introducing a comprehensive order-to-cash solution that includes credit and risk management as well as collections and disputes management.
Hikma: Centralizing credit management across 4 different global entities
Read the story of how the pharmaceutical company Hikma automated credit management processes and achieved better controls credit risks on a global level.
About Serrala
Serrala is the global market leader and pioneering innovator in finance process automation. Our award-winning suite of applications gives finance leaders the power to evolve, optimize their working capital and streamline all workflows, planning, and compliance, by automating all operational processes across Order to Cash, Procure to Pay, Cash Flow Management, and Treasury.
Serrala’s AI-powered finance automation suite is trusted by thousands of organizations worldwide to gain real-time insights and create operational excellence through high performance engineering and seamless integration.
Serrala has been advancing the office of the CFO for over 40 years with solutions that accelerate growth, enhance decision-making, and achieve sustainable finance success.