Aug 21, 2025
eNews
The power of precise documentation in risk management
Certain credit practices are grounded in the roots of the profession, unchanging in a dynamic field where change is constant. Documentation is one of these habits, with thorough records of even the simplest day-to-day credit decisions protecting credit departments from risk down the line.
Why it matters: Proper documentation is vital in credit management. With customer information and terms changing at a moment’s notice, it is important to have a high standard of documentation within your credit department to ensure that there is a clear record of the decisions made each day. &nb…