|
|
Article: A return to form: in the wake of the global financial crisis: tradition is the new innovation and credit risk management is ready for its close-up.(International feature)
- Article from:
- Business Credit
- Article date:
- June 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
[ILLUSTRATION OMITTED]
If all the financial world is a stage, then it could be argued that credit controls the curtains. As a profession, credit and risk management has operated in the wings, charged with protecting a company's assets and judging who sees what of their goods and services, along with how much and under what terms. This simple fact has put the credit professional in a position to be maligned or even parodied by other staff (hence, salespeople who refer to the company's credit department as "sales prevention"), but the harsh reality of the global financial crisis has shifted the position of risk management to one of prominence in many companies, ...