As all credit professionals know - credit, cashflow and collections all work together to protect the lifeblood of many businesses. Without a proper functioning credit team, businesses run the risk of significant impacts on ongoing profitability and viability.
Unfortunately, risk is an unavoidable part of the credit function.
With this in mind, this article from Commercial Recovery and Insolvency Partner Chris Hadley and Special Counsel Andrew Tanna highlights how carefully considered credit terms can help to mitigate risk and provide safeguards to your business.
This piece was originally published in the Australian Institute of Credit Management's 2022 Risk Report published 30 May 2022).