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The Importance of Checking a New Client's Creditworthiness

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
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  Article Summary  
Bringing in a new client rightly generates excitement and positive experiences all around.

But too often enthusiasm not accompanied by a routine new-client credit check can result in negative financial impact for the business extending credit.

Potential dangers of not determining creditworthiness include reduced revenue and slower cash flow if bills are not paid or not paid on time.

The discussion includes examples of credit reporting agency business credit scores and credit solutions.

Positive outcomes of business credit checks include improved profitability and cash flow, as well as reduced risks of future financial challenges.

Los Angeles and Southern California executives interested in enhancing their financial performance and reducing credit risks can benefit from talking with a provider of outsourced CFO services.

An on-demand CFO brings the expertise needed to review current credit policies and then recommend both new credit processes and the right credit reporting resources needed to support stable credit extension.

  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
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