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Author: CCP Zipporah Njoroge
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Effective Strategies for Recovering Unpaid Debts: Safeguarding Business Sustainability
“Cash may be king, but unpaid invoices can quickly dethrone any business.” For many companies, especially small to medium-sized enterprises, debt collection isn’t just a routine back-office function—it’s the backbone of business survival. Managing receivables effectively directly impacts your cash flow, your ability to grow, and in many cases, your ability to stay in business.…
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Understanding Credit Appraisal and Assessment: A Comprehensive Guide
Credit appraisal is a crucial process in the financial sector, ensuring that loans are granted to individuals and businesses with the ability to repay. Whether you’re a banker, investor, or business owner, understanding how credit appraisal works can help in making informed financial decisions. Appraising is about evaluation, finding out strength and weaknesses of an…
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What is a Credit Policy?
What is a credit Policy? A credit policy is a document housing a set of decisions or procedures to be considered when extending goods and services on credit. The purpose of the policy is to answer the following questions; A sound credit Policy must be formulated to ensure all benefits of extending goods and services…
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What is a credit Score
What is a Credit Score? A credit Score is a standardized mathematical number which depicts the credit worthiness of a consumer. The first credit score was invented in 1959 by engineer Bill Fair in partnership with mathematician Earl Isaac who formed a company by the name Fair, Isaac and Company which currently goes by the…
