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Therefore, I thought I would summarise some of the best options for better credit control and accountsreceivable by highlighting the seven habits of a highly effective creditmanager. A creditmanager knows his customer. A creditmanager knows that information is power. Are they stable?
Manufacturing firms, especially those engaged in international trade, face similar challenges. The survey results reveal that companies with stringent creditmanagement policies, proactive invoice tracking, and early detection mechanisms are more successful in containing DSO levels.
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