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Get Ready for a Wave of Commercial Bankruptcies

Your Virtual Credit Manager

After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Clearly, the level of Business Credit Risk is going to remain elevated as we move through 2024, bringing with it the potential for corresponding increases in bad debt and delinquency.

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Working With The V-word In Debt Collection

JSP Credit Management

JSP Credit Management currently allows clients to instruct us on an overdue debt via an automated web form available on our website, but what it is seemingly missing currently is a possibility that allows our future clients to tell us if the case they are instructing us on involves a vulnerable customer. We will get that changed!

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A guest blog from Curtis Fort from the Construction Credit and Finance Group.

JSP Credit Management

As a leader in business to business debt collection services, we’ve been asked to share our insights into the size and scope of the b2b debt collection industry. After the 2008 recession, businesses began to rely less on traditional credit lines and more on factoring and accounts receivables. billion by 2022.

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Configuring ADS to generate interactive PDF for Adobe Reader 9.x and higher

SAP Credit Management

Collect PDF forms usage statistics in production environment as outlined in Note 2714231 — this will enable you to accurately outline the scope of print forms to be tested and fixed. PDF version Compatible Adobe Reader Release year 1.6 extension level 1 8.1 extension level 3 9.0 extension level 5 9.1 extension level 6 9.1

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Navigating the Ripple Effects of the US Banking Crisis on Global Business

MNS Credit Management Group

First it was SVB a top bank catering to the Tech sector, then Signature bank and then a big one – Credit Suisse which eventually got taken over another Swiss bank UBS. The issue with credit Suisse was more bad management and weak internal controls and risk management practices. The answer to that is uncertain.

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Case Study – European Electronics Retailer

TreviPay

Economic factors stemming from the financial crisis in 2008, and more recently, because of the global pandemic, heightened the retailer’s adversity to risk. This caused them to adopt a defensive risk posture, reduce credit lines previously extended to business customers and reduce their customer base by 50%.

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What India’s rice export freeze means for the supply chain

SAP Credit Management

For example, Japan released its rice reserves in 2008 to calm markets when the Philippines experienced hyperinflation in rice due to supply shortages. But carrying more inventory is not automatically the right solution, as it naturally increases storage costs and ties up capital.

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