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Anticipate Bankruptcies Sooner Than Later
Presented By Global Wizdom
Wednesday, January 13th at 1:00pm EST
Online sale ends: 01/13/21 at 2:00pm EST
Live -Webinar
Kellogg Center 26 West Dry Creek Circle, Suite 600
Littleton, CO 80120
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Description
Key Take Away: As economic and industry challenges emerge, customers with high debt
levels and weak performance are at a greater risk of failure and filing
bankruptcy. Often these bankruptcy filings are sudden with few advance
warning signs. The Covid 19 economy has substantially increased the
likelihood of customer bankruptcies. Overview: In a recent survey conducted by The Accounts Receivable Network, 58% of
Credit Managers say they have been surprised by a customer’s bankruptcy
filing in the past year. Although Credit departments have always managed risk exposure, the
speed of bankruptcy filing has accelerated greatly in past years.
Whereas in the past, a creditor would receive a number of warning signs
(increasingly past due payments, declining credit ratings, operating
losses, shrinking of cash reserves, exhausting lines of credit, etc.),
from a deteriorating customer, that is no longer the case in many
instances. We have observed customers who are moderately past due in
their payments to a supplier file bankruptcy. This catches their
suppliers by surprise, resulting in higher bad debt loss. Areas Covered in the Session: • Current bankruptcy landscape: bankruptcy as a financing tool • Techniques to identify an impending bankruptcy • Tactics to mitigate risk & exposure to bad debt loss • Top 10 Warning Signs of an Impending bankruptcy Speaker: john Salek is President of Revenue Management Associates, an Accounts
Receivable & Order to Cash consulting company. He is a highly
experienced financial professional with proven performance in the Order
to Cash process including order and contract processing, billing,
dispute management, credit control, collections, and cash application.
John has worked in a broad range of industries with over 250 clients. Tags: Anticipate Bankruptcies, bankruptcy as a financing tool, bankruptcy filings, COVID 19, customer bankruptcies, customer’s bankruptcy filing, declining credit ratings, due payments, exhausting lines of credit, filing bankruptcy, Identifying Bankruptcies Sooner, improved Credit Risk Management process, John G Salek, operating losses, shrinking of cash reserves, SHRM, Tactics to mitigate risk & exposure to bad debt loss, Techniques to identify an impending bankruptcy, The Accounts Receivable, Top 10 Warning Signs of an Impending bankruptcy |
Presented By
1:00pm to 2:00pm
General Admission: $159.00
21+
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