An insightful summary of the impact of the great retail apocalypse on growing B2B credit risk and measures to take to avoid surprises and maintain efficient credit management workflows.
Don?t be Surprised by Bankruptcy! There are numerous scenarios that might be labeled as precursors to potential bankruptcy filings, with some being more overt than others. However, there is one circumstance that appears to go against logic: What is the Cloaking Effect? Some companies pay their trade credit obligations in a discount or prompt manner right up to the actual filing/closing date The company was able to maintain a Payment Score around 8, which indicates no evidence of severely delinquent payment behavior. In contrast the FRISKÆ score dropped significantly early in 2011, an indication of the company’s degraded financial position. Credit risk management therefore is especially important in the consumer goods industry that is largely dependent on retail industry.
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.