The liquidity of business partners has a direct effect on one's own solvency. Those who watch the development of their business partners alertly can, however, react quickly.
KYC: Master your master data!
KYC (Know Your Customer) in industrial and trading companies can only be as good as the customer master data it is based on. Both disciplines need to be set up and organized properly.
Credit management during the second lockdown
Once again, particular industries are hit especially hard in the German "lockdown light". Which effects are there on credit management and which companies need to be especially farsighted when giving credit?
Trade credit insurers' reactions to the crisis
Recently there have been announcements that limits will be reduced or completely cancelled. Does trade credit insurance still fulfil its purpose?
The economic development in the coming months
Minister for Economic Affairs Peter Altmaier announced on 1st September 2020 that the bottom of the economic trough had been passed and the economy is now in a V-shaped recovery. What does this mean for credit management?
