Credit Risk Management

Enough is enough – pulling the trigger on automated decisioning

Posted on Oct 31 2013 by

All too often as credit risk professionals, we don’t take the time to evaluate our credit policies because “that’s how it has always been done around here”. Unfortunately, this mentality increases days sales outstanding, raises uncollectable debt and prohibits us from identifying good growth opportunities. Reviewing your policies early and often enables credit risk professionals to create more sophisticated rules around how to extend credit.

Insolvency rate falls for fifth consecutive month

Posted on Oct 31 2013 by

September brought yet another month of falling business failures (the fifth in a row), and only insolvency practitioners would bemoan the fact that – with insolvency rates at 0.07% – more companies are surviving than at any point since 2007.

Enfield Council cuts arrears by £1.3 million

Posted on Oct 18 2013 by

Critical application of data and analytics helps drive down Enfield’s arrears from £30.5 million to £29.2 million -marking a drop of 4.4%.

Customer acquisition: under the microscope

Posted on Oct 03 2013 by

Regulation, cost pressures and increasing complexity are all adding to credit teams’ challenges. Nick Vanstone, Experian Decision Analytics Consultant, looks closer at the challenges of acquiring customers…

Spanish Bale-in: a lesson in risk & exporting

Posted on Sep 29 2013 by

In a single transaction Britain’s balance of trade swung £86m in the right direction at the beginning of September when Welsh footballer Gareth Bale was sold to Real Madrid by Tottenham Hotspur. It was the biggest transfer deal in football history, once again highlighting the international nature of the beautiful game and the fact that, […]

Business Insolvency Index – Large companies buck quarter of falling failures

Posted on Sep 29 2013 by

Experian’s latest monthly Business Insolvency index shows that, overall, the level of business insolvency in the UK continues to decline. 0.08% of UK businesses went under in July, down from 0.09% in July 2012. This was the third consecutive month that the rate was lower than the corresponding months last year, the first time this […]

6 questions to ask about your database, today!

Posted on Sep 23 2013 by

Every business that deals in B2B marketing needs a database of customer and prospective customer details. It’s time consuming and it’s not the most exciting job but the reality is that data is a vital link between you and your customers and potential new customers. Neglect it at your peril.

These simple questions will show if your database is up to scratch or is in vital need of some TLC.

7 Steps to a heavenly commercial credit score

Posted on Sep 04 2013 by

Asked for a list of business priorities, most SME owners probably wouldn’t put “managing my commercial credit score” anywhere near the top. Those who don’t pay attention to this increasingly important indicator of their firm’s financial health are missing a trick.

Data and the board

Posted on Sep 04 2013 by

Credit risk has become a strategic issue. There has never been a time at which customer insight has been so closely reviewed at board level. Read on to see how financial institutions can adopt new data sources to improve their bottom line…

Affordability is paramount: the latest personal insolvency figures reveal

Posted on Sep 03 2013 by

The annual fall in personal insolvencies is certainly a positive picture, but the quarter on quarter change highlights that there are areas still struggling.

With Conduct Risk being a subject at the forefront of minds within the lending community, it shows how individual circumstances can change at any time and that on-going affordability assessments are needed.