This week’s linked article is by Arthur F. Rothberg, Managing Director, CFO Edge, LLC.
Bringing in a new client rightly generates excitement and positive experiences all around.
But too often enthusiasm not accompanied by a routine new-client credit check can result in negative financial impact for the business extending credit.
Reviewed in this week’s full article…
…are four dangers of not checking credit scores, three credit reporting agencies and four powerful benefits of credit checks.
Potential dangers of not determining creditworthiness include reduced revenue and slower cash flow if bills are not paid or not paid on time.
The discussion includes examples of credit reporting agency business credit scores and credit solutions.
Positive outcomes of business credit checks include improved profitability and cash flow, as well as reduced risks of future financial challenges.
Los Angeles and Southern California executives interested in enhancing their financial performance and reducing credit risks can benefit from talking with a provider of outsourced CFO services.
An on-demand CFO brings the expertise needed to review current credit policies and then recommend both new credit processes along with the right credit reporting resources needed to support stable credit extension.