Learn More about Credit Risk Management Best Practices for Corporations
Credit risk management has not traditionally been a core activity at firms outside of the banking and financial services sector. As a result, these “corporations” are facing increased risk that can be reduced by using solid fundamental credit practices and tools. The implications of not routinely managing and measuring credit risk can be devastating. These include supply chain disruptions, increased bad debt exposure, unnecessary fluctuations in working capital and exposure to reputation risk.
The good news is, there are a number of achievable steps CFOs, Treasurers, and financial analysts can take to avoid such costly mistakes and make more informed business decisions.