The Future of Business Credit Risk Management – A 2024 Survey

The Future of Business Credit Risk Management – A 2024 Survey

Rising inflation, increased volatility and interest rate hikes are adding pressures on working capital. Credit departments need to gear up to protect their companies against the risks while helping them to grow profitable revenues during these challenging economic times.

Take this one-minute survey on the future of B2B credit management for a chance to win a $100 Amazon gift voucher.

• 1. What are the top three areas in B2B credit where you want to see more efficiency? (Select any 3)*
  
  Digital credit applications integrated with CRM and / or e-Commerce site

  Real-time credit risk monitoring

  Automatic credit scoring and automatic decisions

  Automatic credit hold and release on orders

  Automatic periodic credit reviews for existing customers
• 2. What is your current B2B credit approval and new customer onboarding cycling time?*
  Less than 1 day

  Less than 1 week

  Less than 2 weeks

  More than 2 weeks
• 3. What percent of on-time periodic credit checks and credit renewals are you able to do for existing customers?*
  Less than 10%

  10-25%

  25-50%

  50-75%

  More than 75%
• 4. What percent of credit holds are you able to release on the same day?*
  Less than 50%

  Less than 75%

  More than 75%
• 5. Do you plan to add AI, Automation and Analytics to your B2B credit management process?*
  Yes in 2022

  Yes in 2023

  Yes in the future

  No plans