Rcc India Blog

  This is a set of guidelines that set out clear steps for dealing with customer credit and payment terms, and payment delays. The Credit Policy is an important document for B2B companies dealing with trade credit. This is a set of principles that the financial industry or business organization uses when deciding who to lend money to or provide credit to.   Impressive, comprehensive and well-written credit policy conveys high standards to customers. Best Design Credit Policy agencies in Gurgaon. This helps you document and support your company's goals, clarify approval levels, and define responsibilities. Must be updated regularly. As risk tolerance varies across the portfolio, it should ideally be renewed annually to reflect the new credit and collection process. The RCC India defines the requirements for establishing transaction credit for new customers, maintaining credit lines and limits for active accounts, and returning customers with reasonable payment terms.