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Credit Management Consulting

Credinform Russia Announces Educational Initiatives in 2015

Entering into new partnerships is one of development strategies of Credinform (Russia) in 2015. Constructive relationships with High schools and educational centers were established for further training to bring comprehensive practical knowledge about credit risk mitigation to young and experienced professionals in Russia starting at the North-West region. St. Petersburg’s leading universities and educational centers welcomed the idea of Credinform ... Read More »

Experian UK Launched new SME Service

New Service Launched to Help UK SMEs Manage their Credit Scores and Improve Access to Finance Experian, the global information services company, announced the launch of a comprehensive new service to help the UK’s 2.2 million SMEs gain better access to credit and improve their chances of securing finance and funding. From the Funding for Lending scheme to crowd-funding, there ... Read More »

Experian Research:  UK SMEs Lax on Checking Credit

Almost 85 per cent of UK SMEs operating internationally do not check the credit reports of overseas customers and suppliers.  Experian’s SME Reputation Index highlights how SMEs trading abroad are risking exposure to bad debt and cash flow problems Almost 85 per cent of UK SMEs who operate internationally do not check the credit history of potential overseas customers or ... Read More »

Creditreform Germany Reports 1.1% Revenue Growth for 2012

Creditreform Germany reported revenue growth of 1.1% to Euro 493.6 million (vs Euro 488.2 million 2011).  Consolidated revenues (including Central and Eastern Europe) revenues grew 1.2% to Euro 550.8 million. Uwe von Padberg, President of Creditreform stated that Creditreform’s business is characteristically stable, notwithstanding the general economic volatility.  During the past 10 years its revenues have grown at a steady ... Read More »

Tinubu Square Brings Trade Credit Risk Management Expertise to Asia

Tinubu Square continues its international expansion into Asia, with offices in Singapore and Mumbai. Tinubu Square co-founder and CEO Jérôme Pezé has relocated to Singapore from the company’s Paris headquarters, underscoring its commitment to the region and supporting the growing market demand for solutions that identify and control risk exposure in international trade. Read More »

D&B Global Year-end Review and 2013 Preview Indicates Sluggish, Uncertain Economic Outlook

Despite Business Improvements, the Euro Zone crisis and Fiscal and Social Policies Continue to Hamper Worldwide Recovery with Debt Downgrades at an Unprecedented Level D&B (NYSE: DNB) announced the results of its year-end global economic outlook, a comprehensive study based primarily on an analysis of the company’s proprietary business data. Based on D&B’s modeling and country risk analytics, the report provides ... Read More »

The Quote of the Week: Enterprises without a Functional Credit Risk Management Live Dangerously

In a recent interview with the German credit management magazine “Der Kredit Manager”, Dr. Michael Freytag, Chairman of the Schufa* management board, stated that “credit managers hold a relative important position in the decision hierarchy of an enterprise.  In essence credit management and credit information are intertwined as a basis for economic success.  He is fully convinced that Credit Management ... Read More »

Tinubu Square Releases Tinubu Risk Management Center for Corporates

Proven trade credit risk solutions for insurers now available directly to B2Bs, lowering cost of risk management by up to 50% Tinubu Square, one of the most trusted sources of credit risk solutions for trade credit insurers, announced the latest release of its Tinubu RMC (Risk Management Center) platform, designed for business-to-business organizations.  Tinubu RMC is the first and only ... Read More »

European Risk Climate: More than 25% of European Business Failures are the Result of B2B Customer Defaults

B2B credit risk exposure is now at the top of C-level priority concerns.  According to Tinubu estimates, customer receivables represent more than a third of a B2B company’s assets. More than 25% of business failures in Europe are the direct result of B2B customer defaults. Write offs of bad customer debt have grown from an average .5% of revenues to ... Read More »

Australian Credit Climate: Federal Budget Potentially Leaves SMB’s Exposed to Credit Risk

With the start of the financial year just days away, Veda, Australia’s leading data intelligence and insights company believes that the Federal Government’s asset write-off scheme will not be robust enough to assist all small businesses in FY13 – and those who do take it up potentially are exposed to higher credit risk. “For those businesses who take up the ... Read More »

Why Trade Credit Matters – Understanding Supply Chain Finance in Today’s World

Global Business Intelligence recently published its third edition of their Supply Chain Finance (SCF) Payable and Receivable Solutions Guide.  This Guide is designed as educational material for the Corporate world to help those with Credit and Sourcing responsibilities better understand ongoing developments around trade credit and supply chain finance.  David Gustin, President of Global Business Intelligence and author of the ... Read More »

Schufa Germany: Research Project Concerning the Mining of Social Media Data Draws Political Flak

According to press reports SCHUFA, Germany’s largest consumer credit information supplier plans to use information it gathers online, including information from individual social media such as Facebook and others, in its analysis of an individual’s creditworthiness.  SCHUFA, plans to use Social Media data to study a person’s relationships in determining how that might affect their ability to pay their bills, ... Read More »

Creditreform Germany 2011 Overall Annual Results Flat – Growth in Factoring Services

Creditreform Germany reported 2011 revenues of Euro 488 million slightly below the 2010 results of Euro 489 million.  Revenue distribution by services sectors were as follows:  Business information Euro 263 million versus 2010 revenues of Euro 260 million, up 1%.  Receivables management services were Euro 199 million versus Euro 197 million in the prior year, up 1%.  Revenues for other ... Read More »

Coface Issues Corporate Credit Risk Study on China

The ups and downs of the eurozone crisis and the sluggishness of US economy continue to affect China’s exports during 2012.  On the other hand, China’s domestic market continues to rise.  To adapt to the changing economic environment, many Chinese exporters are transforming their production models, aiming for better productivity and product quality in order to secure their export markets. ... Read More »