Due diligence in communications and media credit management is essential since this industry encompasses so many different types of businesses including:
|Television||Magazine and Print Media|
|Billboards||And many others|
Usually Custom Non-Returnable Material
Unlike a lot of standard businesses that can accept unused products for return credit, communications and media companies create their products and services with the end customer’s name.
No one else can make use of this creative material except the original customer. This makes it even more critical that media credit management processes are conducted thoroughly by the credit professional. Proper due diligence is a must to increase the probability of repayment.
As an example, we’ve seen professional sports teams run into major issues with event advertising and private suite rentals by season ticket holders.
Need help with “Credit Management Services”
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