Credit Risk Management: The Bedrock of CFOs Resilience Strategy during Recession

Presented by

Gail Armstrong, Siemens | Sue Chapple, CICM | Brian Lewis, Hanson UK | Gwyn Roberts, HighRadius

About this talk

A 2019 Atradius report indicated that the insolvencies in the UK were supposed to reduce by 5% in 2020 however, as a result of the COVID-19 outbreak, the insolvencies are expected to increase by 2.4%. As situations around the world have changed, the Credit teams have quickly stepped into a high-execution mode for safeguarding the company against risks. While credit teams have done a remarkable job balancing credit risk in this volatility, it has highlighted the importance of ‘Resilience in Credit Management’ for finance teams. Join experts from Siemens, CICM, Hanson UK, CCR Magazine & HIghRadius in a panel discussion as they discuss what an agile credit department looks like and the necessary steps to build up a resilient credit department to stay future-ready. Key Takeaways: 1. Credit Management Plan v/s Actual for 2020: What has Changed 2. Framework to Build a Resilient Credit Management Process: Adapting to a Remote Working Reality 3. Role of Technology in Aggregating Real-Time Credit Data and Ensuring Proactive Financial Stress Alerts 4. Empathy in Collections: How to Ensure Maximum Cash Flow while Balancing Customer Relationship 5. Reporting - Are you Able to Flex and Adapt to Market Changes Overnight?

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