Improving the Credit-Granting Process for Companies Through Credit Risk Management | SpendEdge

LONDON–(BUSINESS WIRE)–lt;a href=”” target=”_blank”gt;#CreditRisklt;/agt;–SpendEdge, a leading provider of procurement market intelligence
solutions, has announced the completion of their credit
risk management study for a financial services company

Project background

The company wanted to ensure adequate controls over credit risk by
analyzing different sources of credit risk such as foreign exchange
transactions, swaps, bonds, equities, and interbank transactions. The
key objectives they aimed to achieve through this engagement were as

  • Objective 1: The company wanted to address the largest source
    of credit risk i.e., loans apart from managing other financial
  • Objective 2: They were also interested in tracking changes in
    economic factors that were leading to deterioration in the credit
    standing of the institution’s counterparties.
  • Want more information? Request
    a free demo
    and see how our solutions can help you analyze
    processes such as lending and trading that expose to credit risk.

“Credit risk management helps companies to maintain credit risk
exposure within acceptable parameters. It allows effective credit risk
modelling and offers real-time analysis of risks,” says a procurement
expert from SpendEdge.

Key findings and solutions offered

In partnership with SpendEdge, the client – a well-established
financial services institution
– improved their credit risk
management and reduced bad debt by adapting credit management
strategies. The solution offered helped them to:

  • Enhance the credit-granting process by identifying customers who were
    over-indebted or on the verge of becoming over-indebted.
  • Build an appropriate credit administration, measurement, and
    monitoring process.
  • Want to mitigate losses occurring due to over-indebted customers? Request
    a free proposal
    to access our complete portfolio of credit
    risk management solutions today!

Outcome: The solution offered by experts at SpendEdge helped the
financial services firm to devise credit risk strategies and extend the
appropriate amount of credit to qualified buyers. This increased incremental
credit loss savings
and minimized costs for the company. The
solution offered, helped the client to determine the financial position
of their customers and ensure responsible lending.

To access the complete case study on credit risk management, get
in touch with our experts here!

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Anirban Choudhury
Marketing Manager
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984 7340
UK: +44 148 459 9299