Credit control is an integral part of a business and it is vital for any business that is trading on credit terms to have a department that manages the debtors. Big business have gone under receeivership for failure to monitor and collect from their debtors. Most companies are trading on credit to increase sales and it is therefore necessary to ensure that collections are done on timely basis.
If you intend to have your business live long have a credit control section to help you manage the debtors.
