Category Archives: Credit Management

European Risk Climate: Managing Trade Credit Mitigates Risk Exposure for Businesses in an Uncertain Economy

In Europe more than a quarter of business failures are as a result of customer defaults and rates relating to bad debts have risen from on average .6% to 1%, depending on the industry and location. Only last month research … Continue reading

Posted in Credit Management, France, Member, Member News, Risk Solutions, SaaS (Software-as-a-Service), Tinubu Square, Uncategorized, Users of Information, Workflow Tools / Platforms | Tagged , , | Leave a comment

Governance, Risk and Compliance: Only Half of British Businesses Vet Suppliers for UK Bribery Act Compliance

The Fraud Investigation & Dispute Services team at Ernst & Young has released research revealing that nearly half (48%) of British firms are failing to vet their suppliers for compliance with the UK Bribery Act, and that only 6% would … Continue reading

Posted in Compliance, Credit Management, Fraud Solutions, Legal & Compliance, Uncategorized, United Kingdom, Users of Information | Tagged , , | Leave a comment

Procurement Should Make a Takeover Bid for Accounts Payable

Spend Matters PRO started to feature a series on the evolution of the e-invoicing and related supplier network markets, including buying trends that may emerge in 2013.  One of these analyses was more subjective than others, and featured a review … Continue reading

Posted in Accounts Receivable Management, Credit Management, Procurement Information, Spend Matters, Supplier Risk Assessment, United States, Users of Information | Tagged , | Leave a comment

Has Deleveraging in the US Come to an End?

After five years of nearly uninterrupted deleveraging, are American consumers (with a little help from lenders) ready to reverse course and begin taking on more debt?  According to FICO’s latest quarterly survey of US bank risk professionals, the answer seems to be … Continue reading

Posted in Credit Management, Credit Reporting, FICO (Fair Isaac), United States, Users of Information | Leave a comment

UK Risk Climate: UK’s Largest Companies Pay Nine Days Faster

Positive Impact of UK Prompt Payment Code: Four years after the Prompt Payment Code (PPC) was launched, Experian reveals that the difference between the late payment times of the largest firms (more than 1,000 employees) and the smallest firms (up … Continue reading

Posted in Credit Management, Credit Reporting, Experian, Regulatory News, United Kingdom, Users of Information | Tagged , , | Leave a comment

10,000 Identity Fraud Rings Uncovered in the USA

Security company ID Analytics has uncovered 10,000 identity fraud rings in the U.S.  The company found the rings after studying 1.7 billion credit card and cell phone account applications and finding similar names, addresses and email addresses. ID Analytics provides … Continue reading

Posted in Credit Management, Data Security / Data Theft, ID Analytics Inc, Identity Theft Protection, United States, Users of Information | Tagged , , | Leave a comment

European Debt Crisis Likely to Push Bankruptcies to Higher Levels

The ongoing debt crisis in Europe continues to spread to the point where even the powerful German manufacturing sector is starting to take a hit. FCIB Global Conference Speaker Ludovic Subran, of Euler Hermes, noted this is likely to push … Continue reading

Posted in Credit Information, Credit Insurance, Credit Management, European Union, FCIB / NACM, Trade Credit, Users of Information | Tagged , , , , | Leave a comment

Managing Credit Effectively – A Contribution By Josef Busuttil, MBA (Henley), DipM MCIM, FICM

A compendium of studies argues that repeat selling is much less expensive than selling to new customers. Hence, gaining and sustaining long-term customer relationship is important to minimise the cost of running a business.  This may entail selling on credit … Continue reading

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