What is credit controller in SAP FIN-FSCM-CR - Credit Management?

SAP Term: credit controller

• Component: FIN-FSCM-CR

• Component Name: Credit Management

• Description: A company employee The employee who decides how high a credit limit for a customer can be, or how much the limit may be increased. Also whether sales orders that have been blocked on account of exceeding the limit can be released. Obtains information from external credit agencies. He assesses the creditworthiness of customers based on their payment history and external credit information received.

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• Key Concepts: 
  A credit controller is a role within SAP Credit Management that is responsible for managing customer credit limits and monitoring customer payment behavior. The credit controller is responsible for setting and maintaining customer credit limits, monitoring customer payment behavior, and ensuring that customers adhere to their payment terms. The credit controller also works with the sales team to ensure that customers are not over-extended and that they are able to pay their invoices on time. 
  
  How to use it: 
  The credit controller is responsible for setting and maintaining customer credit limits, monitoring customer payment behavior, and ensuring that customers adhere to their payment terms. The credit controller also works with the sales team to ensure that customers are not over-extended and that they are able to pay their invoices on time. The credit controller can also be used to set up payment plans for customers who are unable to pay their invoices in full. 
  
  Tips & Tricks: 
  When setting up customer credit limits, it is important to consider the customer’s financial situation and payment history. It is also important to consider the customer’s ability to pay their invoices on time. Additionally, it is important to monitor customer payment behavior regularly in order to ensure that customers are adhering to their payment terms. 
  
  Related Information: 
  SAP Credit Management provides a range of features and tools that can help the credit controller manage customer credit limits and monitor customer payment behavior. These features include automated credit limit checks, automated payment reminders, and automated dunning processes. Additionally, SAP Credit Management provides reporting capabilities that can help the credit controller analyze customer payment behavior and identify potential risks.