David Dragich Article on How CFOs Can Protect Their Company Amid Rising Bankruptcies Published by CFO.com

Corporate bankruptcies are rising fast. The distress is occurring across industries, including manufacturing, services, transportation and retail. A distressed customer creates cascading risks for a business. Late payments strain cash flow. Defaults on receivables create direct losses. Sudden demand changes disrupt forecasts and planning. And when a customer files for bankruptcy, payments can be tied up for months or longer, if any recovery occurs at all.

For CFOs, the growing number of bankruptcies raises a critical question: How do you spot signs of financial distress in your customers before it becomes a problem for your business?

In a recent article published by leading industry publication CFO.com, David Dragich walks CFOs through some of the reliable early warning signs of customer distress. He also provides four practical steps to take once warning signs have been identified.