5 Ways Automated Credit Risk Management Moves Your Business Forward
Extending credit to trading partners is a necessary evil for most businesses.
But poorly managed credit can mean long delays in converting sales to cash.
And capital that is tied up in receivables cannot be used for investments, or to earn interest.
Credit exposure also leads to:
- High default rates
- Regulatory compliance concerns
Slow revenue growth and political uncertainty are raising the stakes for strong credit management.
Navigating these treacherous financial waters requires credit managers to be adept in determining the likelihood that a trading partner will be unwilling or unable to fulfill their financial obligations.
Download IOFM’s latest white paper to learn five strategies for effectively managing credit risk.
Don’t let poorly managed credit put your business at risk!
Continuing education credits available:
Receive 1 CEU toward IOFM/AR&O2C ARM, ARS, ARD, or O2C recertification! The Accounts Receivable Certification Program is designed to establish standards for the profession and recognize accounts receivable professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the accounts receivable body of knowledge.
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