What is your exposure to trade credit risk – and what should you do about it? Have a go at this short quiz, and see what we recommend based on your responses. It will take around 60 seconds to complete.
Question 1 of 7
When you receive a new enquiry do you;
Question 2 of 7
How do you set credit limits for your customers?
Question 3 of 7
How do you monitor your customers’ credit limits?
Question 4 of 7
How do you decide on what credit terms to offer?
Question 5 of 7
Trade credit risk management is…
Question 6 of 7
What actions do you take when an account remains unpaid after the original due date?
Question 7 of 7
My company’s bad debt record is
You scored mainly As:
Trading on credit is a risky business and you realise it needs to be sensibly managed. But business is all about taking calculated risks. The Channel Partnership will help you increase sales by giving you the processes to manage trade credit risk securely. No worries.
You scored mainly Bs:
You recognise the balance between credit risk management and the commercial demands of any business. As you embrace best practice, you’ll enjoy the magic way that The Channel Partnership supports your processes and makes things better. Like pulling a rabbit out of a hat.
You scored mainly Cs:
As a fearless driver of business growth you have got your business to where it is now by not being afraid to take risks. The Channel Partnership will help you secure the wins you’ve made to date – before your luck runs out!
There’s no clear pattern to pin you down. It may be that you don’t have a formal set of procedures or that rules change depending on other factors. The Channel Partnership will help you improve credit risk management processes and make a wizard of you yet!