This module discusses the role of the credit department from an organizational point of view, and how the proper structuring of the credit department can ensure that the role of credit contributes to the overall success of any company regardless of size. Topics covered include Organizing the Credit Department; Centralization versus Decentralization; Management Responsibilities; Business Organization; and Building the Credit Department Team. After successful completion of this learning module the student should understand organizational options for the credit department, the benefits of centralization, the benefits of decentralization, management responsibilities, components of the credit department team and the importance of training.
George A. Schnupp, CCE, is the U.S. Director of Credit at Anixter Inc. With 30 years of experience in the credit field, he has implemented various data base management tools to improve credit processes, eliminating numerous routine repetitive tasks performed by credit personnel. George has taught Principles of Business Credit, Basic Financial Accounting, Financial Statement Analysis I, Financial Statements Analysis: Interpretation and Credit Risk Assessment and Essentials of Finance. He is a graduate of the NACM Graduate School of Credit & Financial Management. He has authored the course material for the CCE Prep Course that is offered at Credit Congress. He is also a core contributor to the “Principles of Business Credit” book used in the Credit Administration Program.