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Global commerce -- what does it mean to credit management? Using technology to strengthen you global collection policies. (International Affairs Section).

Business Credit

| February 01, 2002 | Piumelli, Frederick A. | COPYRIGHT 2002 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Worldwide Management of Receivables While doing business internationally, many new opportunities and obstacles present themselves. For credit professionals, operating in a global economy can mean big changes, especially in terms of how you manage your accounts receivable.

* Do you have the processes in place to support global commerce?

* Do you have a standardized system to manage cash collections and dispute resolution?

* Does it handle multi-currencies? Is it multi-lingual?

* How can you deploy a standardized and global approach to credit management?

* Are you capable of obtaining detailed reporting and analysis?

* Do you need an Internet-based solution allowing you to deploy to a decentralized credit group?

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