Credit Managers today are still solving problems at the end of the sales cycle, i.e. dealing with defaulters. However, credit management involves much more than managing debts. Modern credit management is increasingly heading towards a more predictive business operation: from preventing risks to spotting opportunities, identifying sales leads and predicting customer value.
But how do companies shift from being less reactive when it comes to managing outstanding debts to becoming a credit management operation that’s proactively seeking for opportunities for growth?
Graydon has developed the Credit Maturity Model, a model that points the way to optimum customer management in four stages.
This ePaper details what stage your company is at and what you should do to progress to the next stage(s).