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Why Your Smallest Customers Could Pose Your Biggest Credit Risks
Don’t assume your biggest risks come from your largest customers. Your smallest customers are facing the greatest peril in this economy, making them your most significant credit risk.
Despite that reality, nearly nine in ten companies report that up to 30% of monthly invoiced sales are overdue and less than 40% of credit professionals consistently assess a customer’s payment history before contract signing. In fact, more than one in three say ongoing financial monitoring is not an internal priority.
This white paper sheds new light on why that thinking is so dangerous to your cash flow.
Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:
Receive 1 CEU towards maintaining any AP and P2P related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.
Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:
Receive 1 CEU towards maintaining any AR and O2C related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.
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