Saturday March 28, 2020

Credit Management: Good data leads to proper credit management

The personal insolvency bill should allow people to better protect their companies, writes Dave Boland.

12th May, 2012
Shay Waldron, president of the Irish Institute of Credit Management.

According to Shay Waldron, president of the Irish Institute of Credit Management, best practice can be summed up in three simple letters which stand for an all-encompassing concept - 'KYC', or 'Know Your Customer'.

Knowledge is power, but it is the quality of any knowledge, rather than simply the quantity, that will go furthest to ensuring that a proper credit management regime is put in place and rigorously enforced.

Because trying to recover money owed...

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