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"Mitigating Credit Risk"
12/18/2020
"Mitigating Credit Risk"
The conversation that Michael McHale of PSA Systems and I (Marty Wolff) had with Kirk J. Elken of Securitas Global, is one of the most important topics I have ever covered in my 10 years as a business journalist! Kirk's company, helps executives sleep better at night. How and when you extend credit to your customers has never been more important. Covid-19 has put many businesses, potentially even some of your "best" customers in danger of not being able to pay for the products or services you have supplied. The "normal" credit standards you applied in the past may not be relevant today. You need specialized help to protect your business from cash flow difficulties and possibly disaster for you. Mitigating your credit risk is vitally important. And, there are many positive reasons why a firm like can be an important asset for your business. Such as: if you manage your credit risks, you may be able to extend better credit terms to your customer, giving you a competitive advantage. And, your lenders will most likely be more cooperative with you, knowing you are protecting yourself from potential losses when a customer does not pay you. You can reach Kirk Elken at (215) 901-6590. His website is . If you want to learn more about Michael McHale and his company Production Systems Automation, go to . The PSA Podcast is a production of Business Builders Media LLC, You can reach Marty Wolff via phone or text at 570 815 1626. Thanks for listening.
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