Best practices employed in quest for best results.

Whether in their business or personal lives, most people try to put their preverbal best foot forward. Credit departments, like other functional areas within companies, strive to produce the best impacts in the most efficient manner possible. The most effective processes of a company are of often referred to as best practices, or simply the best way to achieve a task or goal. In business credit there are some universally accepted best practices, such as requiring the completion of a credit application for most new customers. However, specific best practices and how they're implemented and evaluated vary among industries and companies. Business Credit magazine contacted ...