Strategic Credit Portfolio Management for Singapore Businesses
In the fast-paced business environment of Singapore, maintaining healthy cash flow while managing credit risk is a constant challenge—especially for Small and Medium Enterprises (SMEs). Late payments, unpaid invoices, and extended credit terms can strain working capital and disrupt growth. That’s where credit portfolio management becomes essential. Effective credit management isn't just about debt collection—it's a proactive strategy to assess, monitor, and improve the financial health of your receivables. Whether you're a legal professional handling client settlements or a utility provider managing hundreds of accounts, refining your credit strategy is crucial. What Is Credit Portfolio Management? Credit portfolio management refers to the process of monitoring and controlling the credit exposure of a business. It involves assessing the creditworthiness of clients, setting risk-based limits, segmenting portfolios by behavior, and tracking performance metrics to redu...