credit management vs claim management

Both phrases are correct, but they have different meanings and are used in different contexts. 'Credit management' refers to the process of managing credit and financial risks, while 'claim management' refers to the process of managing insurance claims or legal claims. They are not interchangeable as they represent distinct concepts.

Last updated: March 22, 2024 • 865 views

credit management

This phrase is correct and commonly used in the context of managing credit and financial risks.

It refers to the process of managing credit, including assessing creditworthiness, setting credit limits, and monitoring credit risk.

Examples:

Effective credit management is essential for maintaining a healthy cash flow.
She specializes in credit management and risk assessment.
The company hired a consultant to improve their credit management practices.

Show examples from the web [+]

The function of multipliers in credit management and the function of JEREMIE
2.5 The function of multipliers in credit management and the function of JEREMIE
Companies need to understand that late payment is not good credit management.
Operations: industrial credit management (SAB) and credit infocentre (Edouard).
Operations: credit management (Bamaco), purchasing tool (OASYS), directory and clearances (Habilis), project management (Clarity).
specialist technical assistance services provided to enterprises (technical, financial and credit management assistance, designed to increase the competitivity of the enterprise, and technical assistance provided to enterprises to support the production, processing and marketing of agricultural products);
Debt-to-equity swaps and other routine credit management measures are not considered to be expansion of business activities unless carried out with the intention of circumventing the restriction of growth referred to in the first sentence.

Alternatives:

credit control
credit risk management
credit monitoring
credit assessment
credit limit management

claim management

This phrase is correct and commonly used in the context of managing insurance claims or legal claims.

It refers to the process of handling and overseeing insurance claims or legal claims, including processing, investigation, and resolution.

Examples:

The company has a dedicated team for claim management.
She is responsible for claim management in the legal department.
Efficient claim management can help reduce costs and improve customer satisfaction.

Show examples from the web [+]

The Agency has not yet implemented an effective claim management system, possibly including interest on late payment.
called on the Agency to implement an effective claim management system, possibly including interest for late payments;
called on the Agency to implement an effective claim management system, possibly including interest for late payments;
External and internal claims management expenses.
One of the reasons for the increase appears to be the enormous rise in personal injury awards involving claims-management companies, which were allowed under the previous UK Labour government to advertise on television.
+ External and internal claims management expenses (32 61 5)
One of Mr Straw's principal findings is that some insurance companies have been selling their customers' personal details to these claims-management companies (allegedly at up to GBP 1000 a time).
External and internal claims management expenses are part of the variable Total of commissions, external expenditure on goods and services and personnel costs (32 61 0).
It also claims that management paid itself large salaries, large bonuses and large pension benefits.
In addition, the claim that the management of one exporting producer had links to State-controlled companies was not substantiated.
It is very easy today for certain organisations or individuals to claim a scientific or management interest when requesting data on fishing fleets or fisheries activities or undertakings.
I would like you to state your position with regards to your claim that the management of the Plant Committee are a clique.
Its management claims to be the victim of a labour market that is too rigid or protective of a workforce to whom they pay the legal minimum wage, and the greater opportunities for regularisation through working have been opened up.
Who are they trying to kid that these measures could not come into force almost immediately if there was any political will to act in favour of the interests of the workers concerned rather than favouring the claims of management?
(p) sales, including the issue of invoices, collection and transfer of revenue, and management of claims;
the sale, including the issue of invoices, collection and transfer of revenue, and management of claims;
the undertaking shall entrust the management of claims in respect of legal expenses insurance to an undertaking having separate legal personality.
Hydro's management has scrutinised the claims of irregularities published by Aftenavisen.
Within this broad category those initiatives that focus on risk management can be distinguished from those intended to influence company reputation or gain market advantage through public claims.
The number of credit claims whose creditworthiness could be assessed remained limited in 2007 (see the section on risk management issues).

Alternatives:

claims handling
claims administration
claims processing
claims resolution
claims investigation

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credit management vs claim management