Credit Management Process |
Do you have formal written credit procedures? |
Yes No |
Who in your company manages the credit management process and who assists in that effort? |
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Name: Title: Full Time Part-time |
Name: Title: Full Time Part-time |
Do you establish credit limits? |
If yes, on what basis is a specific limit established? |
Mercantile Report (agency:) Bank Reference: |
Financial Statement Other sources (e.g. trading experience) |
At what credit limit are financial statements normally required? |
$ |
Are regular personal visits made to see client? |
Yes, by whom?
No |
How often is credit and/or financial information updated? |
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How often is credit limit reviewed and on what basis? |
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What information do you use when reviewing the credit limit? |
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Do you use security instruments in establishing credit limits? |
Yes, what kind?
No |
Do you refer to the status of the account before authorizing? |
Yes No |
Acceptance of order: Yes No |
Dispatch/Delivery Yes No |
Are orders received in writing? |
Yes No |
Approximate time from order acceptance to delivery? |
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Under what circumstances have you stopped shipping an account (e.g., past due condition)? Please provide details. |
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Do you currently insure or factor your receivables? |
Yes, by whom?
No |
Do you have formal collections procedures? |
Yes No |
If yes, what in-house resources do you use? |
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Under what circumstances do you place accounts for collections with outside agencies? |
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How do you manage your international collections? |
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