Manage Credit Risk And Safeguard Your Global Trade | Emerge 180

Business credit is an important financing tool for any company that chooses to buy directly from a supplier (especially when it wants to make ongoing purchases). Credit risk management is the practice of determining creditworthiness – assessing new and returning customers for risk of late or nonpayment. It’s important that suppliers perform their due diligence to manage the risks that come with extending business credit. After all, if a customer doesn’t pay, the balance to collections or be written off as bad debt, neither of which is desirable.