Extending credit to trading partners is a necessary evil for most businesses.
But poorly managed credit can mean long delays in converting sales to cash.
And capital that is tied up in receivables cannot be used for investments, or to earn interest.
Credit exposure also leads to:
- Regulatory compliance concerns
Slow revenue growth and political uncertainty are raising the stakes for strong credit management.
Navigating these treacherous financial waters requires credit managers to be adept in determining the likelihood that a trading partner will be unwilling or unable to fulfill their financial obligations.
Download IOFM’s latest white paper to learn five strategies for effectively managing credit risk.
Don’t let poorly managed credit put your business at risk!
Continuing education credits available:
Receive 1 CEU toward IOFM AR and O2C certification renewal! The Accounts Receivable Certification Program is designed to establish standards for the profession and recognize accounts receivable professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the accounts receivable body of knowledge.
This white paper is provided free of charge and underwritten by a sponsor. Following your download, you may be contacted by the sponsor with information about their products and services.
Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:
Receive 1 CEU towards maintaining any AR and O2C related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.