creditworthiness
#MasterClass by Credit Engineering
Have You Explored Your Customer's Financial Standing?
The question of understanding your customer's financial position often arises in the minds of managers when companies find themselves dealing with overdue payments or bad debts. However, waiting until such issues emerge might already be too late.
It is far more prudent to have this knowledge before you ink the deal and ship your goods. Yet, the financial situation of every company is in constant flux, sometimes changing by the hour.
Therefore, the best approach is to regularly assess and monitor the creditworthiness of your customer portfolio. To do this effectively, you need to be well-versed in:
? Identifying reliable sources of financial information.
? Evaluating various scenarios of credit risk.
? Employing methods to gauge creditworthiness.
? And much more.
All these facets of creditworthiness, along with other crucial insights, will be explored in-depth during our upcoming masterclass.
?? Save the date: November 2nd, 2023
? Time: 14:00 CET
??? Platform: Zoom
? Registration: https://www.dhirubhai.net/events/7115247763990167554/
You are invited to join us online and gain valuable insights into the realm of #creditworthiness .
Comprehensive Credit Management Skill-Set
The next flow of the online course 'Credit and Accounts Receivable Management ' will start?on November, 13th.?Join us and?review the approach to credit management and begin to get tangible business results!
5?reasons to attend:
领英推荐
67%?of participants improve their work performance before the end of the course.
Trade Credit Decision-Making Masterclass
Every company faces the challenge of dealing with overdue and bad debts. While many businesses attempt to address these issues by implementing strict controls on receivables and intensifying their efforts to collect overdue payments, these measures often yield only partial success. Moreover, excessive focus on debt collection can strain customer relationships and lead to a decline in sales volume.
On the other hand, the foundation for preventing late payments is laid long before the need for collection arises. More than half of the battle is usually won when contractual terms are properly negotiated and agreed upon by both parties. The key to success lies in the quality of risk assessment, the appropriateness of credit payment terms, and the selection of the right trade credit security instruments.
This course consists of effective methods and winning strategies for finding, aligning, and maintaining optimal credit limits, payment terms, and security requirements for any trade credit transaction. By proactively establishing clear and mutually beneficial terms from the outset, companies can significantly reduce the incidence of overdue payments and bad debts. This not only preserves valuable customer relationships but also contributes to a healthier bottom line.
Should you wish to become a master of credit terms structuring for customers and suppliers join us online and become one, join us on:
Feel free to reach out to me if you have any questions.
Stay tuned, there are more interesting?events?ahead!
Bon Crédit ???
Andriy SICHKA
managing partner