The World seems to be messed-up giving rise to risks which may not be seen before.After determination of the Co's risk profile and in an effort to eliminate inefficient hedges, CRO designs a risk…Continue
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I see you are from Malaysia. I am from the Netherlands and currently stay in Hong Kong to conduct a research for credit management practices and procedures and dedicated credit (risk) management software (B2B / B2C).
Though credit management (accounts receivable) is something else than risk management, may I ask you if you could tell me more about how credit management in B2B / B2C companies is applied in Malaysia. Is doing business on open account basis getting more common in your country e.g. the APEC region and how do organizations deal with overdue invoices and credit / payment risks. To what extent play cultural aspects such as guanxi and lose face a role in the credit and collections process?
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