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Credit control has a number of sections that include - credit approval, credit limit approval, dispatch approvals as well as collection process. In a large business a credit process will be run by a senior manager and will include processes as such as Know Your Customer (KYC), account opening, approval of credit and credit limits (both in terms ...
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The purpose of the diameter credit control application is to provide a framework for real-time charging, primarily meant for the communication between gateways/control-points and the back-end account/balance systems (typically an Online Charging System). The application specifies methods for: Quota management (Reserve, Reauthorize, Abandon)
Credit management is the process of granting credit, setting the terms on which it is granted, recovering this credit when it is due, and ensuring compliance with company credit policy, among other credit related functions.
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Business credit monitoring or company credit tracking is the monitoring of a business's credit history over time using business credit reports.They are largely used as a method to determine a company's ability to pay its debts, this type of monitoring/tracking can help credit grantors determine the creditworthiness of a business.
Credit management companies that specialize in offering business credit reports typically provide the most up to date information about business credit that's available today, saving time, money and ensuring a completely sound and informed credit decision. This is in addition to companies who also provide consumer reports. [citation needed]