CRF Virtual August Forum
Unfortunately, the 2021 August Forum will be a virtual event rather than in-person. While we are anxious to get back to our “normal” in-person events, we feel it is best to remain virtual at this time. The good news is that we are still planning a top-notch agenda with presentations on today’s “hot topics”! The agenda will include both LIVE and On-Demand sessions.
The following topics will be covered in the sessions:
- Business Intelligence Tools
- Sale of Bankruptcy Claims
- Fraud – Implications of Technology
- Technology as a Tool for Business Continuity, Process Improvement, Document and Cost Management
- Critical Elements of Bankruptcy
Session descriptions are listed below and a full agenda will be finalized and shared soon!
- CRF Members can register for all sessions at NO cost! Please remember that this means all team members can register for any/all sessions they want to attend. Registration IS required. Please use the Member Registration button on the right to complete your registration.
- Non-Members can register for any sessions for a fee of $50/session or you can register for ALL Forum sessions for a fee of $250. Please use the Non-Member Registration button on the right to complete your registration.
If you’re unsure about your organization’s current membership status, please contact Angela McDonald.
- Select the Member or Non-Member Registration button to access the registration form.
- Select the Forum sessions you’re interested in attending and complete the contact section of the form. Non-Members will also need to complete the payment section.
*Please remember to include any questions you’d like to submit for the Open Forum session on Thursday.
- For the LIVE sessions, you will receive a separate link to register for the Zoom session.
For the On-Demand sessions, you will receive the links for each recorded session on the date it is released.
For questions about the registration process, please contact Angela McDonald.
Click the session titles below to view the description.
Please note that all sessions will be provided as pre-recorded, on-demand sessions EXCEPT the following, which will be held LIVE via Zoom:
Tuesday, August 17 – 2:00pm ET
Moving Towards Digital Transformation in Accounts Receivable – How Technology Supports Your Business Continuity, Process Improvement, Document and Cost Management
Wednesday, August 18 – 2:00pm ET
Digital Transformation is a Necessity, So is a Digital Fraud Solution
Bankruptcy 101 - It's Not Just for Beginners
Presented by Lowenstein Sandler
This session dives into the critical tactical steps that any organization needs to take in order to protect and maximize their position when the inevitable event takes place – a customer files for bankruptcy. Participants will also expand on the fundamentals of each aspect of the Chapter 11 process. This session will enrich all levels of participants, no matter where they are in their career path.
Moving Towards Digital Transformation in Accounts Receivable - How Technology Supports Your Business Continuity, Process Improvement, Document and Cost Management
This session will be held LIVE via Zoom on Tuesday, August 17, at 2:00pm ET.
Presented by Serrala
Do you want to know how you can get the most out of your accounts receivable management? In a more agile, post-pandemic world, re-entering offices vs. staying remote will define work just as much as the ongoing digital transformation within finance organizations. Optimizing your processes with the help of automation and digitization is crucial in order to maximize the skills of your employees and protect your business from customer credit and default risk.
In this session we will elaborate on how technology – ranging from automated data sourcing and process automation all the way to artificial intelligence and machine learning – can drive efficiency in AR, while still putting human contribution and judgement at its core, ensuring humans and technology work together for the best possible results.
The Modern Approach to Enterprise Analytics
Presented by Michael Colasurdo
In the digital era, harnessing data can be the difference between staying ahead or falling behind. Traditional report factories are rapidly becoming obsolete. Enterprise organizations are shifting to self-service analytics and looking for a sustainable, yet long-term approach to governance that satisfies the needs of both the business and IT. The Business needs real-time access to data to drive critical decisions. IT needs to audit and manage data to ensure it’s accurate, secure, and governed to scale. With only 8% of people in traditional organizations able to both ask and answer their own questions, it’s time to take a closer look at your analytics strategy to understand the extent to which your organization is embracing a data culture to make a difference to your own business outcomes.
Loss Prevention: Hot Topics for Senior Credit Managers
Presented by Pachulski Stang Ziehl & Jones
COVID-19 turned the world upside down in 2020 and as we are now well into 2021, there remains a lot of uncertainty for senior credit professionals who are charged with loss prevention and mitigation. This program will have both senior lawyers who are nationally recognized in creditor rights and senior credit professionals focus on current hot topics including discussing the current economic outlook for the remainder of 2021 and into 2022, with a specific focus on certain “at risk” industries. They will then discuss the mechanics and risks of claim trading, including the various clawback provisions that may be (but should not be) overlooked. Lastly, the senior credit professionals will explain their strategy of serving on a creditors’ committees and the “real experience” of being “under the tent” in a bankruptcy case.
- Current Economic Outlook
- Industries to Watch: Restaurants, Movie Theaters, Travel/Leisure and Healthcare
- Claims Trading
- Stepping up to the Plate: Inside Look of Sitting on a Creditors’ Committee
Digital Transformation is a Necessity, So is a Digital Fraud Solution
Presented by Experian
This session will be held LIVE via Zoom on Wednesday, August 18, at 2:00pm ET.
Learn how the accelerated digital environment has brought new challenges for businesses. The improvement of fraud detection in consumer transactions has brought fraudsters to the commercial market. This discussion will focus on combatting that challenge.
Key takeaways from this session:
- Learn more about emerging commercial fraud trends due to the recent economic conditions and rapid digitization and what Experian is seeing in our own data to support the looming threats
- Find out the differences and similarities between consumer and commercial fraud, and how to quickly stand-up a commercial fraud strategy
- Discover which solutions are applicable in a commercial fraud strategy and areas where you should think differently
Has the Paradigm For Risk Review Changed?
Presented by Cortera
COVID brought light to deficiencies in traditional credit analysis methods, accelerating credit review cycles and increasing the need for innovation in terms of data source and analytical methods. This session explores the use of nontraditional credit data to identify risk faster and more accurately than ever before and illuminates how the business of risk assessment is transforming as we emerge from the pandemic.
In this session, you will learn how to:
- Apply the lessons learned during COVID to create innovation in your risk assessment process
- Access unique insights about your customers by analyzing nontraditional data sources across your portfolio
- Identify risk faster and more accurately than ever before
- Formulate strategies for prioritizing collections to reduce the impact of negative performance (DSO, charge-offs, default)
Supply Chain Risk Evaluation
Presented by Rapid Ratings
Session description coming soon.
How Specialized Data Helps You Identify Credit Risk Early
Presented by Cortera
Creditworthiness is difficult enough to gauge during times of economic stability. With the post-pandemic world, trade patterns are shifting. As these patterns change, so does the creditworthiness across geographies, sectors and individual businesses. These changes are forcing credit risk experts to adapt to a new credit risk environment where the traditional approach to analysis just isn’t enough.
In order to adapt to this new credit risk environment, credit risk experts need to adopt an integrated approach to risk assessment. Integrated risk assessment is about concurrently evaluating all upside and downside factors – not just the usual financial considerations, but all considerations that can make an entity a desirable or undesirable trade partner. Knowing who you trade with calls for impeccable entity data. This session explores the how global specialized data, scores and integrated risk assessment models can help you assess and review companies more effectively, improve accuracy and spot risk more quickly.
In this session you will learn how to:
- Use specialized data to compare and benchmark companies across industries and borders;
- Monitor companies for change and automatically trigger reviews;
- Interpret data quickly using integrated risk assessment models for faster and more accurate risk assessment
Leveraging ESG to Optimize Your Risk Management Strategy
Presented by Dun & Bradstreet
Using ESG (Environmental, Social, Governance) as a business metric isn’t just a trend; falling behind the curve can result in significant damage to a company in the form of reputational risk, operational disruptions, and financial implications. Climate change, COVID-19, unprecedented media transparency, and resource constraints challenge the stability of even the longest-established enterprises. Finance and risk leaders are in a good position to turn ESG data and metrics into strategic advantage. And there’s a direct link between a company’s ESG rankings and overall performance – a striking insight, invaluable in efforts to strengthen business resilience following the pandemic.
Join experts from Dun & Bradstreet, a leading global provider of business decisioning data and analytics, to explore:
- Why ESG is a critical and valued source of information for finance leaders and how it can be harnessed for better credit and collections decisions;
- The strategic advantage ESG unlocks, resulting in stronger business performance, profitability, and growth;
- How to obtain and use ESG metrics to mitigate portfolio risk and protect your company’s reputation and brand
The Open Forum session will take place on Thursday, 8/19/21, from 12:00 – 1:30pm EDT.
This session provides attendees an opportunity for peer-to-peer exchange of information, needs and experiences. It is always a favorite session among attendees!
Virtual User Group Sessions **Advanced Registration Required!**
The following complimentary sessions are ONLY for Credit and Risk Management Practitioners – NO VENDORS PLEASE!
Digital Transformation for Accounts Receivables: Insight, Segmentation and Beyond
Wednesday, August 11, 2:00 pm EDT – Separate Registration Required
Please join Dun & Bradstreet for a very special virtual user group on August 11 at 2:00 PM ET. During this session, we will present simple ways to transform your organization’s accounts receivables processes with data and technology to help improve efficiencies and cash flow for your business.
Discussion will include:
- Risk-Based Segmentation
- Workflow Strategies
- Treatment Matrices
- Paperless Transactions
- Payment Processing
This special user group session will be led by Christopher Rios, Vice President, Finance Solutions and Richard Johnsen, Senior Principal Product Manager, Finance Solutions. Don’t miss out. Register today!
CLICK HERE to register.
Vendor Risk Management in SAP
Thursday, August 12, 2:00 pm EDT – Separate Registration Required
Global and complex supply chains and just-in-time production can be vulnerable to economic disruptions and external shocks – as the last year has shown. Therefore, international organizations need to systematically screen, evaluate, and monitor their vendors to secure their supply chain and develop stable and long-lasting business relations. To achieve this, finance organizations must apply a due diligence processes from their credit management department through to procurement. In our User Group session at the CRF Forum on August 12, we address the challenges of vendor risk management by looking into strategies and best practices for within an SAP environment.
CLICK HERE to register.
How Entity Data Helps You Identify Credit Risk Early
Monday, August 23, 2:00 pm EDT – Separate Registration Required
Creditworthiness is difficult enough to gauge during times of economic stability. With the post-pandemic world, trade patterns are shifting. As these patterns change, so does the creditworthiness across geographies, sectors and individual businesses. These changes are forcing credit risk experts to adapt to a new credit risk environment where the traditional approach to analysis just isn’t enough. In order to adapt to this new credit risk environment, credit risk experts need to adopt an integrated approach to risk assessment. Integrated risk assessment is about concurrently evaluating all upside and downside factors – not just the usual financial considerations, but all considerations that can make an entity a desirable or undesirable trade partner. Knowing who you trade with calls for impeccable entity data. This session explores the how global entity and ownership data can help you assess and review companies more effectively, improve accuracy and spot risk more quickly. In this session you will learn how to: Use entity data to compare and benchmark companies across industries and borders; Monitor companies for change and automatically trigger reviews; Interpret data quickly for faster and more accurate risk assessment.
CLICK HERE to register.