Practitioners for faster revenue regularization
A variety of enterprise risks confront Singapore and Asia companies today, and any one of them could threaten an organization’s success and ultimately reduce in stakeholder value.
One of the most dangerous risks is Credit Risk, globalization and geopolitical environment have added significant complexity for Asia companies that conduct business on Credit Sales. Lack of proper risk management in accounts receivables management, accounting, sales management and revenue collections reporting and strategy deficiencies heightened the necessity for stronger governance in this aspect of the business.
A direct impact of poor credit risk management is poor operational cash flow - the most important cash flow element that is needed to sustain your business. Organizations typically manage credit risk on an exposure-by-exposure basis which is highly fragmented and hazardous to your overall cash flows. Our Centre helps clients identify points of payment leakage in the order-to-cash cycle, and delivers sustainable work process by applying best-in-class revenue collections management tools, credit & collections processes and business risk-decisioning solutions that optimize revenue collections, improve DSO (days sales outstanding), and dramatically improve business sustainablity and efficiency.
The availability of credit risk experts is highly limited, CMCresco Pte Ltd, is the leader in assisting companies to enhance their internal credit risk processes. A subsidiary of Credit Management Consultancy Group of Companies, we focused on the following highly importance aspect of credit risk management:
- Credit and Collections Strategies & Methodology
- Sales, Marketing and Credit Matrix Management
- Credit & Collections Management Information System
- Credit Loss Management Focusing to Reduce write-off
- Collection Team Management and Staff Training
- Legal Aspect of Collections and Risk Management
- Credit Policies Review and Design
- Collection Automation and Workflow Management
- Credit and Collections Information Management
- Credit Approval Risk and Scoring
- Collections Payment Behavioral Scoring
- Debt Selling Portfolio Evaluations
- Collections Outsourcing Process Management
Our clients include organizations such as Nestle Singapore, World Resort Bhd, Inland Revenue Authority of Singapore, Bank Islam Brunei Darussalam, American Express International, COURTS Megastores amongst others.
Our consultants will be able to provide comprehensive evaluations, studies and provides the recommendations within 3 to 16 days depending on the complexity of your business and areas of advising coverage.
Regardless of your company size, you must start identifying, assessing and managing your credit risk intentionally rather than unknowingly. Focusing on a credit-centric business process will mitigate the risks for the benefit of the stakeholders and the profitability of your corporation.
Contact us for a proposal now.
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