Credit Management Guide
Why read this book?
Allianz Trade released its latest Global Insolvency Report on 18th October 2023 and unveiled updated forecasts for 2023 and 2024. According to the world’s leading trade credit insurer, after a small rebound in 2022 (+1%), global insolvencies are set to jump by +6% in 2023 and +10% in 2024.
In a report entitled, Time is Money: The Case for Late Payment Reform, the FSB exposes the insufficient measures in place to hold big businesses to account and calls for a level playing field for smaller firms with 52% experiencing late payment and 25% reporting an increase late payment.
Small and medium sized businesses (SMBs) are currently owed an average of £27,214 in late payments according to new research from Intuit QuickBooks, as SMBs estimate one in six invoices (17%) with customers or suppliers are overdue.
If you trade on credit terms, then credit risk and fraud are challenges you face everyday.
Things will get worse before they get better, but you can prevent your business from suffering irrecoverable losses.
Who is this book for?
- Business owners, directors and credit professionals.
- Those responsible for making tough decisions on credit risk and strategy.
- Those dedicated to business growth while taking calculated risks.
Get your copy today!
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