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It involves identifying, assessing, and mitigating the potential risks associated with extending credit to customers or counterparties. Effective credit risk management enables organizations to make informed decisions, protect their assets, maintain healthy cash flows, and safeguard against default and financial losses.
Without proper credit assessments and checks, businesses expose themselves to significant financial risks, including cash flow disruptions and potential baddebts. To streamline the creditapplication process, Gaviti offers onlinecreditapplication forms, allowing customers to submit their information digitally.
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