Though the United States economy has shown signs of life in recent months, financial risks still abound, making management of potential issues imperative to maintain corporate success. Credit risk management can often be simplified by following best practices and conducting adequate research of new markets.
One global banking group, BNP Paribas, recently announced the publication of a new book meant to guide businesses through the credit risk management process. According to the firm, the Handbook of Corporate Financial Risk Management will become available at the end of this month, and gives professionals of all types invaluable guidance to avoid credit risks. The authors of the book conducted extensive research and analysis of many different businesses from Europe and North America. BNP noted that this handbook will be especially useful for treasurers, accountants, management professionals, academics and more. Business owners who are not entirely comfortable with credit risk management best practices should consider using a third-party service provider. This can help companies avoid the risks associated with poor, credit-related financial decision-making.