The COVID-19 pandemic triggered a dramatic contraction of business activity—and bankruptcies skyrocketed as cash flow and bad-debt reserves dried up. For B2B companies, collecting on receivables became increasingly difficult, resulting in cash flow disruptions, increased costs of debt collection and business interruptions.
As we emerge from the pandemic, managing credit risk has become a top priority for CFOs who want to ensure the financial security and sustainability of their companies. In this playbook, we examine the benefits of implementing a multipronged credit risk management strategy that minimizes your exposure. By the end of the playbook, you will:
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