Couldn't make it to the Credit Summer Event? Or would you like to review all the highlights? We've listed all the key highlights. All panel discussions and keynotes revolved around triple threat; a triptych of current challenges facing the credit manager.
In today's world, your focus must extend beyond financial performance. ESG (Environmental, Social, Governance) has just as much impact today. These factors are increasingly seen as crucial indicators of a company's overall health and sustainability. This makes ESG the biggest game changer for credit managers.
What would you do in the time saved by automating credit underwriting? Numerous credit managers will agree that constantly doing the same manual work eventually gets boring. The solution? Automate.
The classic approach to credit risk management consists of looking at a company's profitability, liquidity and solvency. More and more you read that ESG does have an impact on credit risk assessments and investments. Laws and regulations regarding ESG are also taking shape and expanding.
A fraud risk assessment framework is a process that helps identify areas where an organization is vulnerable to fraud so you can develop concrete plans. When such an analysis is done correctly, you always stay a few steps ahead of a fraudster. After all, you are looking at your own organization from the eyes of a fraudster.
B2B fraud has increased dramatically, with fraudsters cleverly taking advantage of various circumstances created by the pandemic. B2B fraud has the potential to cripple businesses, resulting in losses that can run into the millions.
Looking Back: Livestream of the Credit Summer Event 2022. The annual event for the credit professional themed Sustainable Credit Management.
ESG scores to measure sustainability are in the making and companies are increasingly forcing themselves to be transparent about the organization's sustainable policies. It is logical that sustainability is now playing an increasingly important role in business, and where money is spent and invested there is a credit manager. As a result, the credit manager must also start paying attention to sustainability. What should you pay attention to?
Since February 1, 2022, Belgian legislation has changed the payment terms between companies. Payment terms longer than 60 days have been annulled by law since February 1. The new standard payment term is 30 days with a maximum of 60 days if contractually agreed.
Since Russia invaded Ukraine, it has become clear how sensitive a supply chain is, but also how quickly access to key raw materials can be blocked.
Joris Peeters talks about the use of xAI within Credit Management, which is going to help us with the reliability of credit scoring and first and foremost complies with the laws and regulations surrounding ethics and transparency.
A customer is late in paying their invoice: a familiar problem that youโre sure to have encountered. In the best-case scenario, the problem can be resolved with a reminder. But the worst case is if they cannot pay you at all โ which of course has consequences for your business.
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