New Risk Mitigation Trends Observed In Response to the COVID Crisis


Balance credit risk within the consumer goods industry with a five-step roadmap created with lessons learned from 2020 and learn more about the value in digitally transforming credit in 2021.

Contents

Chapter 01

Introduction- Guide For A/R Leaders

Chapter 02

New Risk Mitigation Trends Observed In Response to the COVID Crisis

Chapter 03

Balancing Credit Risk: Tips To Adjust To The New Reality
Chapter 02

New Risk Mitigation Trends Observed In Response to the COVID Crisis


“When the COVID-19 started really hitting, our data team quickly went into high gear and started coming up with a COVID-19 impact score.”

Head Of Marketing,
CreditSafe USA

“We’re seeing a greater emphasis on frequent portfolio analysis. Clients who weren’t doing it before have now started analyzing it on a more frequent basis.”

Vice President, Solution Consulting,
Experian

“We’re looking at sentiment analysis as a way of giving some additional inputs to the finance teams.”

COO & Senior Vice President,
CreditRiskMonitor

“A/R professionals are using sales teams to connect to their clients to create the right type of terms and understand the status of that organization from a financial position.”

Senior Vice President,
Credit.net

“Coming up with a combined playbook for commercial and finance teams with the course of action for your portfolio of accounts is the key”

Senior Director of Order-To-Cash Operations,
S&P Global

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HighRadius Credit Software automates the credit management process, enabling credit managers to make highly-accurate credit decisions 2X faster and enable faster customer onboarding with 4 primary components: configurable online credit application, customizable credit scoring engines, credit agency data aggregation engine, and collaborative credit management workflow. Along with that, there are a lot of key features that should definitely be explored some of which are online credit application, credit information aggregation, automated credit scoring & risk assessment, credit management workflows, approval workflows, and automated bank & trade reference checks. The result is faster customer onboarding, better internal collaboration, higher customer satisfaction, more targeted periodic reviews, and lower credit risk across the company’s customer portfolio.