Posted on 05/11/2015 in Home / Downloads / Credit information

Understanding Credit Risk for Dummies

Mitigate credit risk to make the right decisions
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Understanding Credit Risk for Dummies

What does it take to become a modern-day credit manager? Take action against the increasing problem of fraud by learning how to safeguard your business and mitigate credit risk. Trade with confidence and make informed decisions about the companies you choose to do business with.
 

Learn how to become a valuable asset to your business by taking a holistic approach to credit risk and looking beyond a company’s annual report.

Optimal management of credit risk is vital to companies’ success in today’s marketplace and smart businesses recognise this. 

Today’s credit managers need to be able to implement well‐designed strategies to minimise credit risk and fraud. Easier said than done? With our e-book, It doesn't have to be.  

To be a savvy credit manager you need to do the following:

  • Take a holistic approach to credit risk that values your gut feeling as well as a diligent review of a company’s annual report.
  • Be aware of the potential risks and pitfalls you may encounter
  • Learn to read between the lines of an annual report to gain a more comprehensive view of a company’s financial status.

  • Play nice with the sales department, gaining their trust and esteem so you can provide valuable input about the credit risk associated with a potential customer long before the ink is dry on the contract.

  • Stay abreast of what’s going on with your customers and the marketplace.

    Sound like a lot of information to digest at one time? Relax. We’ve packed this small book with the basics in an easily understood format that will give you the head start you need.