White Paper

Construction Credit - Overcome Challenge and Risk

 

“We are here: five years into the Economic Recovery. It has been seven years since the financial crisis, also known as the demise of the construction industry. There have been many changes since the onset of the crisis, including a dramatic change in lending for commercial development, tax uncertainties, an unstable stock market and the reduction of long-term asset purchases by the Federal Reserve that have interest rates teetering on the edge of increase. In addition to financial uncertainties, many businesses have reduced the staff of their credit teams, making profitability and growth much more difficult to attain and maintain. The construction financial landscape has transformed and businesses are being forced to evaluate credit risk differently.”

“Listen to the Experts. Credit professionals are bombarded daily with a wide variety of data – aka “Big Data.” When making credit decisions, it is imperative to listen to and consume this big data; listen to credit experts and analysts, review credit indexes, credit reports, bankruptcy reports as well as lien filings & foreclosures. It is important to analyze the collective opinions and statistics of these various sources to effectively create a complete and comprehensive credit picture.”

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Agenda

Faculty

Kristin Alford

NCS

Kristin Alford is the Education & Marketing Specialist for NCS, the leader in providing credit professionals throughout the U.S. and Canada with proactive solutions to secure receivables, minimize credit risk and improve profitability. With uncompromising standards for professional support, NCS ensures our service groups exceed your expectations and successfully secure your tomorrow.

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