Data analytics is the birthplace of great business practices in the 21st century. The marriage of hardline data and influential business intelligence insights means a level of awareness and reactivity for businesses that was never before possible. Learn the answers to why is data analytics important in risk management? Continue reading Why is Data Analytics Important in Risk Management?
When you deliver goods or services and you extend a business customer credit by accepting a promise to pay (accounts receivable) later through an invoice, then in a sense you are loaning your customers cash. During the whole process of acquiring loans, the first question every person must think about is whether the loan is essential at that moment or not. Does your credit policy protect your business cash?
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