Conducting a comprehensive AR risk assessment has always been important. But in times of economic uncertainty, it becomes a survival imperative.
A thorough risk assessment of your accounts receivable portfolio at regular intervals can save your business. Both in terms of shoring up your financial health and maintaining strong customer relationships.
AR risk assessments are traditionally managed on an annual basis. However, in the case of unusual market situations, such as a pandemic, assessing risk more regularly is highly advisable.
In this 30-minute webinar, we covered the steps you need to take to conduct a comprehensive AR risk assessment. Our finance expert, Sarah-Jayne Martin, shared industry best practices that organizations can leverage to minimize AR risk and protect working capital.