China Credit Risk Management: Sinotrust Comments on Key Principles

Posted by Joachim Bartels | Feb 25, 2012 | Chile, Credit Management, Credit Management Consulting, Sinotrust | 0 |

Sinotrust perceives that around 80% of the doubtful accounts in China actually result from negligence and inadequacy in proactive measures, and the rest 20%, even being collected through legal action, cost much more than the accounts paid in. Building an effective credit risk management function in a company often puts credit risk management in conflict with the sales department.

Fu Junsheng, Consulting Director, Sinotrust Credit Risk Consulting Services discusses a number of key principles for systematic credit risk management: Sinotrust Opinions_Key Principals for Credit Risk Management

Source: Sinotrust China

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.