Every facet of a credit manager’s day-to-day work relates to risk mitigation, as they work tirelessly to protect their company through each transaction. When you are uncertain about a customer and their ability to pay within terms, it is time to consider new protective measures.
Assessing a customer’s creditworthiness and deciding on a credit line that protects your company from risk without hindering profits is no easy task. When a salesperson is asking for a credit manager to complete their credit investigation quickly so they can close the sale, it is important that credit managers find a balance between speed and risk.
Venezuela faces worsening economic and political hardship after President Nicolás Maduro’s election, sparking global outcry over corruption and persistent economic problems. The United States has firmly halted any efforts to ease sanctions and is expected to intensify these measures unless President Maduro resigns.
During NACM’s Credit Congress in Las Vegas, a panel of experts spoke of “risk transfer” associated with construction documents such as purchase orders, waivers, joint check agreements and more.
