With the rise of social media and companies in the 'new economy', interest in applying AI for credit assessment grew again. A not insignificant part of these companies' investment in AI, is making it explainable (xAI).
A company is not a bank, but somewhere it is. Certainly larger companies that deliver to other companies (B2B) are often faced with the dilemma of whether or not to deliver in advance. Because while delivering ahead is customer-friendly, delivering also comes with its risks. How do you navigate the world of lending?Â
Doing business has long ceased to be a matter of good faith. Especially with larger companies, the risks involved are just far too high. The alternative: running credit checks on (potential) customers before you close a deal. But how do you do that properly?
With the broadest sense of credit provision, risks arise. Can the company repay this credit? Will this company pay on time? Is it wise to take risks occasionally, or is it better to avoid them or insure against them?
The ultimate credit risk cheat sheet is here. At a glance, you can see all the trends, challenges and solutions you need to know about as a credit professional.
Couldn't attend to Credit Summer Event? Or do you want to review all the highlights? We have summarized all the key highlights for you. All panel discussions and keynotes focused on the triple threat; a trilogy of current challenges for the credit manager.
In today's world, your focus must extend beyond financial performance. ESG (Environmental, Social, Governance) has just as much impact today. These factors are increasingly seen as crucial indicators of a company's overall health and sustainability. This makes ESG the biggest game changer for credit managers.
What would you do in the time saved by automating credit underwriting? Numerous credit managers will agree that constantly doing the same manual work eventually gets boring. The solution? Automation.
To find an effective credit risk management solution, it is important to consider three questions: In which countries do you operate? How scalable is the solution? And how good is the quality of the data the tool uses? We'll help you further.
The classic approach to credit risk management consists of looking at a company's profitability, liquidity and solvency. More and more you read that ESG does have an impact on credit risk assessments and investments. Laws and regulations regarding ESG are also taking shape and expanding.
A total of 156* bankruptcies were declared in September 2022 (reference date 7-10-2022). This is 11 fewer than the number of bankruptcies last month, August 2022 (167), 20 more than in the same period in 2021 (136). Read all survey results here.
A fraud risk assessment framework is a process that helps identify areas where an organization is vulnerable to fraud so that you can develop concrete plans. When such an analysis is done correctly, you always stay a few steps ahead of a fraudster. After all, you are looking at your own organization from the eyes of a fraudster.
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