daily monitoring of customers account are very crucial to reduce debts
Importance of 7cs
•Character: Succession plan, key mgt team, financial standing
•Capacity : Ability to repay
•Capital: Capital Structure TL/TA<50%
•Condition: Are you in a risky and sensitive sector
•Cash flow:Positive or negative cash flow
•Collateral: What are you securities?
•Common sense: Business, Profitability, Security, Money