Balancing Credit Risk: Immediate Action Plan For The Credit Team


This eBook outlines the insights from Experian

Contents

Chapter 01

Balancing Credit Risk: Immediate Action Plan For The Credit Team

Chapter 02

Balancing Credit Risk: Tips To Adjust To The New Reality

Chapter 03

Role Of Technology In Building An Agile Credit Function

Chapter 04

About HighRadius
Chapter 01

Balancing Credit Risk: Immediate Action Plan For The Credit Team


Key Concern in Terms of Risk Assessment as of Now?

Pivots To Adjust The Credit Policy During The Risk

Renewed focus on cash flow & $ @risk methodology rather than looking at relative risk

Requests for getting timely credit scores

Focus on leveraging credit card payments as a way of risk mitigation

Greater emphasis on portfolio analysis and what segments of portfolio are challenged

Michael Flum, CreditRisk Monitor
Dan Meder, Experian

How To Flag Customers To Stay Ahead Of Risks

Looking at payment trade data to understand how the organization is paying other suppliers

Business verification should be an important step to avoid frauds

Analysing buyer’s customers as it ultimately flows to A/R

Eric Kider,Credit.net
Michael Flum, CreditRisk Monitor
Dan Meder, Experian

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There’s no time like the present

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HighRadius Credit Software automates the credit management process, enabling credit managers to make highly-accurate credit decisions 2X faster and enable faster customer onboarding with 4 primary components: configurable online credit application, customizable credit scoring engines, credit agency data aggregation engine, and collaborative credit management workflow. Along with that, there are a lot of key features that should definitely be explored some of which are online credit application, credit information aggregation, automated credit scoring & risk assessment, credit management workflows, approval workflows, and automated bank & trade reference checks. The result is faster customer onboarding, better internal collaboration, higher customer satisfaction, more targeted periodic reviews, and lower credit risk across the company’s customer portfolio.