With 6917 chapter 11 filings in 2020, last year was officially the worst year since the great recession in 2009.
What is worse? The economists are predicting a second wave of bankruptcies from Q2, 2021. While data has always been the best friend for credit execs while mitigating portfolio risk, the pandemic has created a lot of noise, and decision-making has become harder.
Watch this recorded panel discussion as the experts from Experian, Cortera, Creditsafe, CreditRiskMonitor, and Data Axle discuss strategies that best-performing credit teams have adopted to distinguish signal from noise and make better credit decisions.
Key takeaways include-
1. Best practices for frequent portfolio risk analysis
2. Assess SMB credit risk with minimal data
3. Alternative sources of credit data
4. Early bankruptcy indicators to watch out for
|