Balancing Credit Risk: Tips To Adjust To The New Reality


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 02

Balancing Credit Risk: Tips To Adjust To The New Reality


What Is Your Primary Focus Of Your Department Upon Reopening?

Changing Trends In Credit Bureau’s Prespective

Continue with the same scoring models with emphasis on back-end data

Integrated-credit scoring with AI, ML & deep neural networking

Identifying high risk industries and how to delve into those accounts

Dan Meder, Experian
Michael Flum, CreditRisk Monitor
Ian Thompson, S&P Global

Need To Perform Frequent
Periodic Reviews

Looking at portfolio on a weekly basis, trying to leverage those elements and metrics that allow you to look at outstanding receivables

Eric Kider,Credit.net

Adjusting Credit Policy
To Accomodate Changes

Pushing SMEs for credit card payments & payment portals

Engaging with new industries and new markets

While onboarding, focusing on extracting more information on regional and industrial-level

Eric Kider,Credit.net
Ian Thompson, S&P Global

Recommendations

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Credit Card Processing Fees: A Comprehensive Step-by-Step Calculation Guide

Allowance for Doubtful Accounts: How to Calculate It and Record Journal Entries

There's no time like the present

Get a Demo of Integrated Receivables Platform for Your Business

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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.