Credit Risk Management
Prevent late payers and defaulters: Protect your organization and get paid faster
It is no secret that many companies have to deal with late or delinquent payments. The 2020 Global Trade Credit Payments Study, by Dun & Bradstreet’s Worldwide Network Partner CRIBIS, shows that the majority of companies pay 1 to 30 days late (48.1%).
10 pagina's (15 minute read)
10 pages (15 min read)
Obviously, your organization wants to avoid this issue, since it causes cash flow problems – and in the worstcase scenario can even obstruct your organization’s business operations. Situations like that can lead to a domino effect: when one thing topples, it can cause the whole system behind it to come crashing down. If your customers don’t pay you, you may end up in a position where the delinquent payments eventually make you unable to pay your own creditors on time.