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In this economic downturn, it is more important than ever to do an accurate credit risk assessment to maintain a company's financial health. Manual credit risk assessment increases higher default rates due to inaccurate risk assessments of borrowers. Even small and medium businesses (SMBs) are mostly credit-invisible and thus face rejection despite having high revenue potential.
As a trade creditor, are you assessing credit risk for SMBs the right way?
Watch this course on how to analyze credit risk using the Porter's Five Forces model by our subject matter expert Robert Schultz to learn all the steps you need to take to acquire a thorough picture of your customers' credit. This course will not only aid in your comprehension of the Five Forces model but also its application to the assessment of credit risk.
Key Takeaways:
- Why do you need 360 degrees model for credit risk assessment?
- Using Porter's five forces model to analyze credit risk accurately
- 6 Alternatives to Trade Credit for Small to Medium Businesses
- 8 Things to Consider While Designing a Small Credit Line Policy
BONUS: Get exclusive access to industry expert blogs and downloadable assets on credit risk assessment for small and medium businesses!
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