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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 is a profession with great future prospects.  Without a professional and functioning credit management enterprises live dangerously.”

Source: Der KreditManager 3/2012 issue  www.credit-manager.de

*SCHUFA ( www.schufa.de ) is Germany’s leading credit bureau and a member of BIIA

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