ZAG Technical Services, Inc., an award-winning IT consulting firm, managed services, and IT security provider, today launched a new supply chain risk assessment and management program aimed at providing agribusinesses with visibility into the cybersecurity risks that can affect their business.
While dealing with troubled or nonpaying customer can be difficult and costly, it should be remembered that no relationship is unsalvageable.
It can be enormously difficult, especially for smaller businesses in industries based on relationships and trust, to make the decision to cut loose a customer whose credit risk has soared.
Aside from the obvious signs of a bill coming due and no payment being made, there are many ways to tell if a customer is in trouble or represents a serious credit risk.
Poor-performing customers can be as much of a hindrance to business as well-performing ones are a benefit.
Credit and debt are the bedrock of the economy, and it’s simply not feasible for any business to operate without them.
When it comes to credit risk, trusted business relationships can turn sour if trading partners don’t pay attention to warning signs and react in time.