| Non-Financial Sector
The corporate credit risk management industry in China is still in its infancy. Currently majority of credit risk management offerings are predominantly focusing on credit reporting, credit insurance and delinquent debt collection, rather providing much-needed credit risk management system and/or applications. Lack of know-how in corporate credit risk management techniques and expertise for enterprise-level credit risk management systems arguably are the key fundamental reasons. On the other hand, a ccording to a market study by Coface, a prominent international credit risk insurance firm, in China credit sales has been increasing gradually and reached 74% of total sales in year 2005. In particular, credit sales are gaining increasingly importance for all non State-Owned Chinese enterprises (including Foreign Invested companies) to gain sales and market shares. However, most companies lack adequate credit risk control systems thus they either forgo growth opportunities or face substantially high credit exposure and risk.
The RiskRaiderTM application is exactly what companies need in order to control and effectively management their credit risk – it is the first and the only application in China market to provide end-to-end corporate credit risk management solutions covering from credit evaluation and scoring, credit limit and term setting, corporate credit policy and strategy development, credit approval work flow, invoice and receivable management, to debt collection strategy and operation. Plus, RiskRaiderTM is fully integrated with major ERP systems via API technology and has the capability to switch to various scoring models. Meanwhile, RiskRaiders' team provide corporate credit risk management consulting services, which integrates the uniqueness of each client and the best-practice of credit risk management tools and systems for the particular industry/market the client is in. In addition, RiskRaiders provides corresponding credit risk management training for client's personnel. In short, via a comprehensive set of credit risk management offerings, RiskRaiders has been helping its clients to establish and/or optimize their customized while first-class and highly-effective corporate credit risk management systems. |
