Early warning systems offer protection against payment defaults: White paper
How does a company recognize at an early stage whether and for which customers payment defaults are to be expected? In order to ensure its own future viability, it is extremely important, especially in volatile times like these, to operate a comprehensive and reliable risk provisioning system to minimize default risks.
Advantages of an early warning system in credit management
Efficiency through automation of monitoring
Early recognition of default risks
Reduction of bad debt losses
Cost savings in the use of trade credit insurance
Keep an eye on all creditworthiness relevant changes in credit management with automatic monitoring. The early warning system automatically signals relevant changes in the creditworthiness of your existing customers so that you can counter imminent default risks at an early stage.