Our role in evaluating businesses' creditworthiness is crucial and has a direct impact on the company's success. We help identify growth potential, lower credit risk, and, most importantly, mitigate default and losses, ensuring your company's financial stability.
Understanding and analysing critical data points, including credit scores, income estimation, current account turnover, employment history, cash flow, profitability, and economic forecasts, is crucial for assessing the risk involved in providing credit and ensuring the profitability of your lending portfolio.
Credit Risk Management involves:
By implementing effective credit management strategies, businesses can optimise their cash flow and ensure long-term success. Don't wait until it's too late - take proactive steps to safeguard your business against financial risks.
Late payments and defaults are common. Minimising them is critical for financial health. A commercial credit management system is crucial for avoiding survival risks.
Depending on your challenges and priorities, we can assist with the following credit risk management solutions:
Employing an effective credit management system can help your business generate the revenue it’s entitled to and ensure long-term business continuity.
Credit control and debt management are vital for small businesses, as 20% of bankruptcies result from unpaid invoices.
CoCredo can connect you with a team of experienced credit resource experts who can help you manage and improve your commercial credit risk management.
Our partners work with UK and international companies across various industries, from start-ups to Fortune 500 firms. They provide support in-house or as an outsourced solution, helping you create customised strategies for both short-term and long-term challenges while assisting throughout the implementation process.
Additionally, you can set up a virtual credit director to help manage your finances.
Implementing credit risk management solutions can boost profits by eliminating late payments, enhancing cash flow, and decreasing Days Sales Outstanding (DSO).
It also provides access to more liquidity, allowing for intelligent business investments and acquisitions while creating a more professional corporate image. If we cannot offer a credit resource solution directly, our network of partners can assist you.
Contact us at 01494 790600 or send us an email to learn more.
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