Platinum Partner Breakout Sessions
To further enhance the education provided at the October Forum, several of our Platinum Partners will be hosting breakout sessions on Monday, October 21. The sessions will all take place between 8:00am and 10:00am (the start time for each session is included in the description).
Please review the descriptions offered below for each session. Registration for the sessions can be included on your Forum registration – or simply email Angela to indicate which session you would like to attend.
All sessions are complimentary and included with your Forum fee.
Sessions are being offered by the following Platinum Partners:
Fraud Prevention – Actionable Strategies to Strengthen Credit Risk Management
Time: 9:00am – 10:00am
In today’s uncertain economic landscape, rising bankruptcies and defaults are creating fertile ground for fraudulent activities within credit operations. As financial pressures mount, businesses face increasing exposure to credit fraud that can undermine their stability. This session will explore actionable strategies that help strengthen credit risk management and create new business opportunities.
Key takeaways:
- How current economic conditions contribute to fraud risks and what credit tactics to implement
- How automation can help monitor credit applications and flag risky accounts
- Leveraging data and analytics to predict potential fraud schemes and defaults
- Implementable tools and data sources for your credit department that can provide detailed risk and fraud analysis
To register for this session, please use the Forum registration form OR email Angela McDonald at angelam@crfonline.org.
Unlock More A/R Portfolio Insights – Creditsafe Ledger Insights Product Focus Group
Ledger Insights can tell you things about your customer you didn’t know
Time: 9:00am – 10:00am
Join us for a breakfast conversation on how to unlock insights into your customer’s payment behaviors using your A/R trade data and Creditsafe’s new Portfolio Management tool, Ledger Insights.
This session will cover traditional portfolio risk segmentation of your A/R using a fresh new perspective.
- We will delve into how to manage A/R portfolios in decentralized & centralized Credit & A/R organizations. How to wrap your arms around your exposure and get a segmented view or a global view of your customer base.
- How to segment your A/R by region, product line, customer type, sales rep…. whatever you can think of that is insightful
- Benchmarking within your industry and within the Creditsafe Universe
- Pre-built portfolio reports, such as: accounts trading above credit limit, top 10 by balance, payment performance the past 3 months, etc.
- Make credit decisions right from this platform or export to other platforms or ERP systems you are already using
We want to show you this exiting new product and also want to hear YOUR thoughts, feedback and best practices.
To register for this session, please use the Forum registration form OR email Angela McDonald at angelam@crfonline.org.
A New Era of Credit Efficiency Using a Proactive Approach
Time: 9:00am – 10:00am
Credit department workflows such as Waivers are traditionally a reactive workflow; customer requests, you fulfill. However, flipping the script to a proactive process has enormous advantages. This session will lay out how to improve credit workflows and reduce DSO by making the process more efficient for everyone involved (less templates needing legal approval, less notarization bottlenecks, more batching).
Join Blake Robertson, CTO of Handle, for this informative session!
To register for this session, please use the Forum registration form OR email Angela McDonald at angelam@crfonline.org.
Financial Stability During an Election Year: Credit Strategies for Builders, Suppliers, and Distributors
Time: 9:00am – 10:00am
The construction and distribution industries are grappling with a surge in payment defaults, a significant rise in commercial bankruptcy filings (up more than 20%, YTD over 2023), and an increase in mechanic’s lien filings (up nearly 10%, YTD over 2023) — leading to record highs in abandoned construction projects.
Economic uncertainty has been a persistent challenge for Credit Departments since 2020, and with the election approaching, this uncertainty is expected to intensify. The outcome of the U.S. Presidential election will usher in new policies that could have profound impacts on your industry.
Join us as we explore:
- Potential effects on builders, suppliers, and distributors
- Economic indicators related to and affecting DSO
- Mitigating the risk of non-payment
- Protecting cashflow during times of volatility
To register for this session, please use the Forum registration form OR email Angela McDonald at angelam@crfonline.org
Artificial Intelligence and Machine Learning Use Cases in AR
Time: 9:00am – 10:00am (Join us at 8:30am for breakfast prior to the start of our session!)
AI and ML have become buzzwords that made it into virtually every area of a company’s operations. Join us for an insightful session in which we will be discussing specific case studies of how you can leverage AI and ML in your accounts receivable processes. Learn how some of your peers were able to:
- Reduce DSO by 25%
- Cut cashflow forecast preparation time by 50%
- Improve the cash forecast accuracy by 20%
- Achieve a remarkable 60% reduction in bad debt
- Manage and benchmark AR activity to drive the collection goal
We will also be sharing best practices around customer self-service portals. Feel free to include any questions that you would like to discuss during the session on your registration form.
You are invited to join us for a networking breakfast at 8:30am. The session will start at 9am.
To register for this session, please use the Forum registration form OR email Angela McDonald at angelam@crfonline.org.