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EFFECTIVE CREDIT
FUNCTION
Andriy SICHKA
Association of Credit for Central and Eastern Europe
Development Director
London, October 6th
2015
© A. Sichka Consulting. 2015 2
BENEFITS
increase of sales and profits
easier access to financing
improved customer service
© A. Sichka Consulting. 2015 3
РОЛЬ / ROLE
company
products
customer
payments
credit
© A. Sichka Consulting. 2015 4
KEY PROPERTIES
company
products
customer
payments
credit
any imbalance is bad
credit helps, but does not sell
loss of a sale = bad debt
© A. Sichka Consulting. 2015 5
OBJECTIVE
support sales
assure payments
control
setup
assurance
© A. Sichka Consulting. 2015 6
PROCESS
term
limit
security
setup
balance
aging
validity
control
reconcile
resolve
remind
assurance
© A. Sichka Consulting. 2015 7
CREDIT STRATEGY
strategy
financing
capacity
credit risk
market
position
CREDIT
© A. Sichka Consulting. 2015 8
QUALITIES OF EFFECTIVE CREDIT FUNCTION
incomplete fragmented
no credit risk no setup
controllership incompatible
© A. Sichka Consulting. 2015 9
QUALITIES OF EFFECTIVE CREDIT FUNCTION
commercial focus compatibility
pro-activity integrity
© A. Sichka Consulting. 2015 10
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5 andriy sichka commercial

  • 1. EFFECTIVE CREDIT FUNCTION Andriy SICHKA Association of Credit for Central and Eastern Europe Development Director London, October 6th 2015
  • 2. © A. Sichka Consulting. 2015 2 BENEFITS increase of sales and profits easier access to financing improved customer service
  • 3. © A. Sichka Consulting. 2015 3 РОЛЬ / ROLE company products customer payments credit
  • 4. © A. Sichka Consulting. 2015 4 KEY PROPERTIES company products customer payments credit any imbalance is bad credit helps, but does not sell loss of a sale = bad debt
  • 5. © A. Sichka Consulting. 2015 5 OBJECTIVE support sales assure payments control setup assurance
  • 6. © A. Sichka Consulting. 2015 6 PROCESS term limit security setup balance aging validity control reconcile resolve remind assurance
  • 7. © A. Sichka Consulting. 2015 7 CREDIT STRATEGY strategy financing capacity credit risk market position CREDIT
  • 8. © A. Sichka Consulting. 2015 8 QUALITIES OF EFFECTIVE CREDIT FUNCTION incomplete fragmented no credit risk no setup controllership incompatible
  • 9. © A. Sichka Consulting. 2015 9 QUALITIES OF EFFECTIVE CREDIT FUNCTION commercial focus compatibility pro-activity integrity
  • 10. © A. Sichka Consulting. 2015 10 ?