Remove 2024 Remove Credit and Collections Remove Credit Risk
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Effective Communication Strategies for Collecting Past Due Accounts

Your Virtual Credit Manager

Finding the time and resources to complete every collection activity needed to be done at the optimal time to be done is a constant challenge. Most small companies come up short because the owner or CFO have more important things to do and there isn’t a dedicated employee responsible for credit and collections.

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Managing credit concentration risk

Abrigo

Finding and managing vulnerabilities in credit portfolios Fresh reminders of why it's important to manage credit concentration risk are everywhere. Effective loan review is a key element of managing concentration risk in loan portfolios. Abrigo's experienced credit risk advisors can help you manage concentration risk.

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Big Company Red Flags You Can't Afford to Miss

Your Virtual Credit Manager

Monitoring and evaluating the credit risk posed by public companies and other large firms differs significantly in comparison to small and mid-sized businesses. Because most of your biggest customers will be larger firms instead of smaller, it is typically the larger firms that will require higher credit limits.

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Trends in commercial real estate (CRE) lending and risk

Abrigo

As a result, financial institutions with CRE concentrations find it increasingly important to strategically manage the competitive pressures and risks related to origination, refinancing, and loan performance. The property type was about 20% of total issuance in 2024 compared to just under 15% in 2023.

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Why financial institutions are rethinking 2D risk rating models

Abrigo

This blog breaks down the pros, cons, and what financial institutions should consider when evaluating their risk rating approach. Is a 2D risk rating model still worth it? An effective risk rating framework is probably the single most important tool a bank can use when it comes to managing credit risk.

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Mitigating Commercial Credit Fraud

Your Virtual Credit Manager

When we first think about credit risk, our minds focus on the financial status of the company in question. To manage the risk that a customer might default, companies implement credit and collection policies and procedures. Your Virtual Credit Manager is a reader-supported publication.

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The Imperative for Prioritizing Collections

Your Virtual Credit Manager

(Photo by Melinda Gimpel on Unsplash ) The American Bankruptcy Institute recently reported that, “The 6,067 total commercial chapter 11 bankruptcies filed during the first nine months of 2024 represented a 36 percent increase over the 4,561 filed during the same period in 2023.” This initial uptick is only expected to get worse.