Decrease Wait Times for Credit Approval and Improve Customer Relations

Published On:
October 01, 2018
Authored By:
APQC
Members-Only Content:

Turning inventory into cash is a multi‐step process involving numerous business functions, from sales to logistics to finance. Problems that arise in any function and touch a customer’s order can have a dramatic impact on an organization’s bottom line. In this article, learn what APQC's Open Standards Benchmarking® data on customer credit shows for the measure "cycle time in days for credit approval" and what insights there are to improve on this measure.

Also found in Understanding Credit and Collections Benchmarks and Best Practices
Type:
Articles
Topics:
Finance and Accounting, Credit Management, Credit and Collections, Accounts Receivable

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