4 Business Risks to Navigate when Making Credit Decisions with Limited Visibility

July 10, 2014 by Matt Tatham

Are you sure you are making the best consumer credit decisions? Given the constantly evolving market conditions, it is a challenge to keep informed. In order to confidently grow and manage the bottom line, organizations need to avoid these four basic risks of making credit decisions with limited trend visibility.

  1. Competitive Risk – With limited visibility to industry trends, organizations cannot understand their position relative to peers.
  2. Product Risk – Organizations without access to the latest consumer behaviors cannot identify and capitalize on emerging trends.
  3. Market Risk – Decisions suffer when made without considering market trends in the context of the economy.
  4. Resource Risk – Extracting useful insights from vast market data requires abundant resources and comprehensive expertise.