What is senior credit committee in SAP LOD-CRM - Large Enterprise on Demand Customer Relationship Management?

SAP Term: senior credit committee

• Component: LOD-CRM

• Component Name: Large Enterprise on Demand Customer Relationship Management

• Description: A group of officers who approves syndicated loans in excess of a certainamount.

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• Key Concepts: 
  The Senior Credit Committee (SCC) is a component of the LOD-CRM Large Enterprise on Demand Customer Relationship Management system. It is a group of senior executives responsible for making decisions about credit risk management and approving credit limits for customers. The SCC is responsible for setting credit policies, monitoring customer credit risk, and approving or rejecting credit requests. 
  
  How to Use It: 
  The SCC is used to ensure that customers are not taking on too much risk when it comes to their credit limits. The SCC reviews customer credit requests and makes decisions based on the customer's financial history, current financial situation, and other factors. The SCC also sets credit policies that must be followed by all customers. 
  
  Tips & Tricks: 
  When setting up the SCC, it is important to ensure that the members have the necessary expertise and experience in credit risk management. It is also important to ensure that the members are familiar with the company's policies and procedures. Additionally, it is important to ensure that the members are able to make decisions quickly and efficiently. 
  
  Related Information: 
  The SCC is an important part of any large enterprise's customer relationship management system. It helps to ensure that customers are not taking on too much risk when it comes to their credit limits. Additionally, it helps to ensure that the company's policies and procedures are being followed.