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Process changes ahead of anticipated recession?
June 29, 2023
Q. With the talk of recession coming, what is your company doing to prepare? Any changes in process?
A.
(Answered by the IOFM Advisory Panel)
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I know on our credit side the team is changing metrics on their approvals. I unfortunately do not have the specifics on that, as I am not part of our credit team, but am on our collections side. We were just told they were updating. The only item I am aware of is that the poor credit customers are contractually required to be on ACH. As mentioned, I…
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