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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HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.