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Credit Management Criteria

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Discuss the usefulness of following criteria for credit management

1) Terms of sale

2) The promise to pay

3) Credit analysis

4) The credit decision

5) Collection policy

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https://brainmass.com/business/accounts-receivable-management/credit-management-criteria-209369

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1) Terms of sale (also called a bill of sale)

How can a company function without a term of sale? A term of sale is a document that outlines the transfer of goods from seller to buyer. It is proof that the buyer is the owner of the property. The terms of sale document also outlines the terms, price of item, payment terms and date of transfer. This document lets the credit manager know what was sold, when it was sold, the amount of the sale and when payment is due. This information helps a company forecast and know its cash flow.

2) The promise to pay (also called a promissory note)

This is the legal binding document where the buyer agrees to pay the seller ...

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Discuss the usefulness of following criteria for credit management

1) Terms of sale

2) The promise to pay

3) Credit analysis

4) The credit decision

5) Collection policy

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Evaluation Criteria

Research is an essential part of managing human resources effectively. Using evaluative systems to manage performance management systems, HR information systems (HRIS), compensation, benefits, time and attendance, attrition, succession planning and other aspects are a part of the normal course of an HR department's functions. Overall, the use of evaluative criteria help researchers know what they are looking for and provides standards by which to evaluate the effectiveness of such systems and programs.

Write in about 1000 words consider what criteria and tools are available to evaluate the following tools:

* HRIS (HR Information Systems)

? Selection tests

? Succession Planning

Be sure to identify core elements of what you are looking for in each and how you will know when the systems, tools, or processes meet your criteria. Consider examples of systems that are available in each category that could meet the needs of your HR department.

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