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Enterprise Risk Management
Businesses must take steps to protect themselves from serious risks on multiple fronts. Financial risks threaten liquidity while operational failures can bring business to a halt. While new technologies expose companies to cyber threats, traditional labor concerns still pose challenges. Finally, expanding compliance requirements have increased the regulatory burden. Explore the 3 types of business risks below.
A warehouse burns down, a trusted supplier goes out of business, or roads are washed away in a flood - each of these scenarios represents an operational risk. Read about the diverse threats facing businesses and how risk managers try and protect companies from long-term disruptions. Learn why business data has a crucial part to play in operational risk management.
Supply Chain Management
Supply chain management is a multifaceted discipline that must take many concerns into account. Businesses identify and onboard vendors, mitigate supply chain risks, and monitor performance. Software can help procurement officers assemble and analyze information on vendors with an eye towards preventing supply chain disruptions. Learn more about supply chain management in the content below.
Extending Business Credit
Extending business credit is a huge responsibility – it’s the credit manager’s job to weigh the risk of granting credit and determine whether customers can pay on time. Bad credit decisions, based on bad data, can impact monthly cash flow and lead to bad debt when customers don’t pay as promised. The articles below explain key concepts about extending business credit. Keep reading to learn more.