The benefits of a clear credit policy are invaluable to your business. Here are a few of the immediate benefits:
- Unified departments: Everyone—sales, finance, shipping, etc.—follows the same rules.
- Empowered enforcement: AR teams can confidently apply penalties when terms are violated.
- Reduced disputes: Clearly defined expectations help prevent misinterpretations and disagreements.
- Improved efficiency: Staff know exactly how to act—taking out guesswork reduces delays.
Remember to review your credit policy quarterly, and make tweaks to any areas that are lacking results or efficiency.
Overwhelmed by the number of debt collection companies?
Let us make the choice easy for you!
RSD is different from other debt collection companies because we offer consultation services to design, refine, and implement your credit policy. Of course, if you’re ready for a third party to step in with a delinquent account, RSD is always on call for you!
Contact our friendly experts at (248) 370-8160 or by submitting a contact form.