Credit Pros Need New Tools For a New Era of Bankruptcy Risk

For credit managers, this challenges traditional models of identifying bankruptcy risk. This also occurs as more credit pros are being tasked to aid procurement and finance in detecting warning signs of bankruptcy among the company’s suppliers.Companies that find themselves unable to take advantage of new orders or rebuild depleted inventories due to the failure of key suppliers can rapidly find themselves in financial distress. New Era of Bankruptcy Risk Clearly, today’s credit professionals…