S&P Global, Atradius, and Euler Hermes are all forecasting a higher rate of business bankruptcy filings in 2023. This is attributed to phase-out of Government stimulus, support, lending, loan forbearance, as well as the start of interest rate increases. Moreover, with the increasing failure rate of new businesses, the level of Credit Risk with resulting bad debt and delinquency losses has increased for 2023.
Watch this video to know how to:
- Minimize credit risk exposure
- Increase revenue by selling in a closely monitored manner
- Automate 70-80% of the manual work in credit processing
- Improve productivity and gross profit margins with a customer success story