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Who Owns the Credit Application Process in Your Organization?
January 22, 2025
Q. I work in Accounts Payable and would like to know who would be the business owner of credit applications? Would this be Accounts Payable, Contract & Supply or Finance? Do you have any information regarding this subject?
A.
(Answered by a member of IOFM's Advisory Panel)
In our organization the buyer or person engaging with the new supplier is responsible for completing the credit applications.We provide the standard list of credit/trade references on our intranet for them to…
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