Credit Procedures

Credit procedures are the standardized steps finance teams follow to evaluate a new customer’s credit application and allocate lines of credit to be used for purchasing goods and services. These procedures create standards for credit evaluations, set credit limits, and monitor ongoing credit risk. Consistent credit procedures help accounting teams make objective decisions, reduce bad debt, and maintain appropriate levels of financial risk. With AI-powered credit agents, accounts receivable teams can automate these procedures to assess and approve applications, and allocate credit lines, in just a matter of minutes. Best of all, AI can help dynamically adjust credit limits based on real-time payment behavior and shifting financial risk.

Discover how AI is leading the next chapter of credit management, in this eBook.