Key Take Away:
The economic downturn caused by the Covid 19 virus will force most companies to sell on credit to financially weak customers in order to survive. This is a huge, unwelcome, risky change. Learn how can a company do this and survive.

Overview:
Covid-19 Credit Risk Control is an approach to minimize bad debt losses while maximizing revenue and cash collection from a financially weak customer base, during the next twelve months while the economy suffers a severe downturn.

To avoid a catastrophic revenue decrease, you will have to sell to financially weak customers whose credit rating may be far below your current acceptable risk standards. Inevitably, you will suffer larger bad debt losses than in the past.

Coping with this change will require a unified posture to the market that defines how accommodating your company will be in meeting customer demands for higher credit. Meanwhile, Accounts Receivable delinquency and risk will grow.