How To Protect Your Business From Customer Insolvency Through Effective Credit Risk Management
In an increasingly competitive and uncertain economic climate, businesses must be vigilant in managing credit risk associated with their customers. Effective credit risk management is essential to protect a company from the detrimental effects of customer insolvency, which can lead to significant financial losses and negatively impact cash flow. This article aims to discuss in-depth strategies and tools businesses can implement to minimise credit risk, mitigate potential consequences of