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Which creditors get priority when businesses face a financial burden?

March 28, 2016 by Gary Stockton

Sung Park

Sung Park, Sr. Consultant

Small business trade payment delinquencies can signal the beginning of business financial duress.  However, sometimes these delinquencies are isolated events.  Understanding the trade payment priorities of a business can lead to better business risk assessment.

Experian understands commercial payment behaviors and can help clients more accurately interpret the risk of payment delinquencies for different kinds of trades.

In his Vision 2016 breakout session “Which creditors get priority when businesses face a financial burden”, Sung Park, Analytics Consultant with Experian’s Decision Sciences discusses the types of trades or financial obligations that become delinquent first, and the conditions that most commonly signal overall business stress.

the types of trades or financial obligations that become delinquent first

What the audience will learn:

The audience will have a better understanding of which type of trade delinquencies are likely isolated incidents and which ones are precursors of businesses facing a financial burden, and what actions can be taken proactively to mitigate risk.

Don’t miss your opportunity to catch these informative breakout sessions during Vision 2016.

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