Extra Credit

The Perfect Recipe for a Successful Credit Department

January 19, 2024 NACM Episode 92
Extra Credit
The Perfect Recipe for a Successful Credit Department
Show Notes

The credit department plays a role comparable to that of a meticulously crafted recipe in baking. Just as a cake recipe demands precision in ingredient selection, mixing and timing, the credit department orchestrates a series of crucial processes to ensure the financial health and success of a business. Similar to baking, if you don’t include essential ingredients—such as baking soda or the perfect amount of flour—the cake won’t rise. So, how is this reflected in the B2B credit world?