What is Alternative Credit Data?
Alternative credit data refers to non-traditional sources of information used to assess the creditworthiness of a business. It is often used to supplement traditional business credit data such as business credit scores, credit histories, and business credit reports. Using non-traditional ...
How to Mitigate Supply Chain Risk from the Credit Department
Supply chain disruptions are more than an inconvenience. They can also do damage to your reputation — and your revenue. More and more, companies are enlisting their credit management to optimize supply chain risk mitigation. In the complex game of ...
How Does the Economy Affect Businesses in a Recession?
How does a recession affect business during times of economic uncertainty? The effects of a recession are deep and far-reaching. Some recessions cause short-term problems that disrupt the supply chain and cause crashes in the stock market. Other recessions cause ...
Credit Risk Management Best Practices
Knowing how to manage credit risk is a critical aspect of modern finance, impacting both individuals and organizations alike. Effective credit risk management helps minimize losses, reduce bad debt, and ensure the stability and success of financial institutions. This article ...
How to Assess the Creditworthiness of a Customer
When you send your customers an invoice, do you trust that they’ll pay the full amount on time? That’s not a rhetorical question — having the answer is essential for running a business. Knowing how to determine creditworthiness of a ...
What Is Enterprise Risk Management (ERM)?
Enterprise risk management (ERM) is a systematic process that organizations use to identify, assess, and mitigate potential risks that may affect their business operations. ERM involves identifying, analyzing, and responding to risks that may arise from external or internal sources. ...