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Balancing High Tech & High Touch in B2B Credit Decisioning

When it comes to credit, look to AI and ML as supplements to human teams, not replacements.

By Derek Bluestone | June 17, 2020 at 09:00 AM
Machine learning (Image: Shutterstock).

Trade credit is a popular financial tool in any environment. In the U.S. alone companies owe $3.1 trillion in account receivables on any given day. While that’s a massive number, as the B2B ecosystem experiences friction in external markets and lending tightens as a result, those numbers may soar even higher as buyers turn to suppliers to free up cash flow and sustain operations.

And with supply chains experiencing major disruptions and consumer demand falling fast, increasing activity in trade credit could prove to be the ultimate stress test. The results of that test may not be far off, as many expect that we could soon see an unprecedented rise in trade credit insurance claims as buyers become unable to meet their financial obligations.

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