26 2014 - The Credit Risk Management System and Credit Industry Groups

Description:
Every company that aims to operate successfully, can only do so when they have a handle on understanding the creditworthiness of their customers. The word "credit" comes from the Latin, "credere", which means to trust. When our customers are "creditworthy" we can also say they are "trustworthy", and that we trust them to pay our invoices for the products and services that were sold to them in advance of payment. The Credit Risk Management System is every company's road map to establishing and maintaining the credit controls that will in turn support an understanding of our customer's ongoing credit worthiness.
Why Should you Attend:
Unfortunately, a customer's credit worthiness can go from honest and straightforward to downright deceptive. Since trying to maintain an understanding of our customer's credit worthiness can be a daunting endeavor, this webinar will present the components of a credit policy that reflect the road map to maintaining a sound credit risk management system. Within the credit risk management system we will explore one of the most highly effective credit risk management tools, the Credit Industry Group.
Objectives of the Presentation:
Defining and understanding Credit Risk
Establishing credit risk management goals and strategies
Outlining the components that every credit risk policy should contain
Understanding the weaknesses and pitfalls of trade references, bank references, and credit reports
Credit Industry Groups - Learn about their history, purpose, structure, and how they function
Where are they, who monitors them, and why there are 1,500 of them in the United States.
Who can Benefit:
Credit Managers
Collection Managers
Accounting Managers
Controllers
Chief Financial Officers
And any one who has a direct or indirect responsibility for maintaining their company's cash flow and minimizing the risk of selling on credit.
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