Effectiveness of Credit Management Policies as a Treasury Management Tool in Enhancing Financial Performance: The Case of Colcom Pvt Ltd. 2015-2019
This study evaluated the viability of credit arrangement policies in enhancing financial performance of firms. The purpose of the study was to evaluate amongst other things, the effects of money receipting framework on monetary execution and the effects of enthusiasm on past due records. A logical...
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| Format: | Article |
| Language: | English |
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EconJournals
2022-09-01
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| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/13300 |
| _version_ | 1828028010450649088 |
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| author | Samson Mbano Ongayi Wadesango Newman Wadesango |
| author_facet | Samson Mbano Ongayi Wadesango Newman Wadesango |
| author_sort | Samson Mbano |
| collection | DOAJ |
| description |
This study evaluated the viability of credit arrangement policies in enhancing financial performance of firms. The purpose of the study was to evaluate amongst other things, the effects of money receipting framework on monetary execution and the effects of enthusiasm on past due records. A logical exploration configuration was utilized in this investigation just as a multivariate relapse investigation was directed to decide the coefficients of the factors. The study adopted a quantitative research methodology and data was collected using a questionnaire. Judgemental inspecting method was utilized on a sample size of 11 representatives out of a whole populace of 20 workers. In addition, two top administration representatives were met for information sharing. The results indicated that the current credit administration strategies of Colcom Ltd were not completely executed and furthermore, they positively affected financial execution. The study concluded that credit arrangements had the best effect on budgetary execution, followed by some factors such as the economic instability and political interventions. This study recommends the full implementation of the current credit management policies, regular training of credit officers and to practice scientific credit control (application of risk evaluation techniques). This would improve their efficiency in credit analysis and customer analysis management to secure as much as possible their assets, and reduce the high chances of turning into credit losses and their negative effects on good financial performance.
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| first_indexed | 2024-04-10T13:46:05Z |
| format | Article |
| id | doaj.art-dda02918f5e941d68d16d66334496882 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T13:46:05Z |
| publishDate | 2022-09-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-dda02918f5e941d68d16d663344968822023-02-15T16:10:59ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382022-09-0112510.32479/ijefi.13300Effectiveness of Credit Management Policies as a Treasury Management Tool in Enhancing Financial Performance: The Case of Colcom Pvt Ltd. 2015-2019Samson Mbano0Ongayi Wadesango1Newman Wadesango2Midlands State University, Gweru, Zimbabwe,University of Limpopo, South Africa,University of Limpopo, South Africa, This study evaluated the viability of credit arrangement policies in enhancing financial performance of firms. The purpose of the study was to evaluate amongst other things, the effects of money receipting framework on monetary execution and the effects of enthusiasm on past due records. A logical exploration configuration was utilized in this investigation just as a multivariate relapse investigation was directed to decide the coefficients of the factors. The study adopted a quantitative research methodology and data was collected using a questionnaire. Judgemental inspecting method was utilized on a sample size of 11 representatives out of a whole populace of 20 workers. In addition, two top administration representatives were met for information sharing. The results indicated that the current credit administration strategies of Colcom Ltd were not completely executed and furthermore, they positively affected financial execution. The study concluded that credit arrangements had the best effect on budgetary execution, followed by some factors such as the economic instability and political interventions. This study recommends the full implementation of the current credit management policies, regular training of credit officers and to practice scientific credit control (application of risk evaluation techniques). This would improve their efficiency in credit analysis and customer analysis management to secure as much as possible their assets, and reduce the high chances of turning into credit losses and their negative effects on good financial performance. https://econjournals.com/index.php/ijefi/article/view/13300credit management policies, treasury, management tool financial performance |
| spellingShingle | Samson Mbano Ongayi Wadesango Newman Wadesango Effectiveness of Credit Management Policies as a Treasury Management Tool in Enhancing Financial Performance: The Case of Colcom Pvt Ltd. 2015-2019 International Journal of Economics and Financial Issues credit management policies, treasury, management tool financial performance |
| title | Effectiveness of Credit Management Policies as a Treasury Management Tool in Enhancing Financial Performance: The Case of Colcom Pvt Ltd. 2015-2019 |
| title_full | Effectiveness of Credit Management Policies as a Treasury Management Tool in Enhancing Financial Performance: The Case of Colcom Pvt Ltd. 2015-2019 |
| title_fullStr | Effectiveness of Credit Management Policies as a Treasury Management Tool in Enhancing Financial Performance: The Case of Colcom Pvt Ltd. 2015-2019 |
| title_full_unstemmed | Effectiveness of Credit Management Policies as a Treasury Management Tool in Enhancing Financial Performance: The Case of Colcom Pvt Ltd. 2015-2019 |
| title_short | Effectiveness of Credit Management Policies as a Treasury Management Tool in Enhancing Financial Performance: The Case of Colcom Pvt Ltd. 2015-2019 |
| title_sort | effectiveness of credit management policies as a treasury management tool in enhancing financial performance the case of colcom pvt ltd 2015 2019 |
| topic | credit management policies, treasury, management tool financial performance |
| url | https://econjournals.com/index.php/ijefi/article/view/13300 |
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