On 26 June 2024, we held a webinar entitled: "Modern Credit Risk Management: Tips, Best Practices, and AI Solutions in 2024 " designed to help professionals involved in Credit Decisions staying ahead in the ever-evolving world of credit risk assessment and management. This event is perfect for Credit Managers, CFOs, Financial Analysts, Risk Managers, Business Owners and anyone involved in credit decision-making and risk management.
Granting credit limits can be a challenging task for businesses. Common obstacles include:
- Insufficient or poor quality information
- Commercial pressure and the need for faster response times
- The impact of economic environment and central bank policies
- In this webinar, we provided some tips and best practices to help you tackle these challenges:
- The importance of considering the broader picture of a deal and identifying the end users
- The criticality of continuous buyer monitoring and maintaining up-to-date records
- How to use comparatives and segmentation to inform your decisions
- Effective ways to mitigate credit risk, including the use of Bank Guarantees, Credit Insurance, and Letters of Credit
We also explore the role of technology and artificial intelligence (AI) in improving credit scoring and processing workflows. Algorithms and machine learning are already being utilized to gather and analyze broader information, and these advancements are expected to continue in the coming years.
Don't miss out on this valuable information. Access the webinar replay below.
