Managing Credit Risk

Dun and Bradstreet estimates that more than 90 percent of businesses extend credit without a reference. For organizations that operate on relatively slim margins, this can easily lead to bankruptcy. But managing credit risk effectively is no easy matter. Most organizations rely on manual or semi-automated processes, and depend upon concentrated clerical effort to do the heavy lifting. The problem is, even the most energized, dedicated credit staff can only do a hit-or-miss job with these…