Risk Management - Articles
Business Partner Evaluation processes to minimize risk
June 3rd 2019
Evaluating a business partner is a process involving more aspects in a complex and global environment exposed to different kind of risks, some of them unexpected and quite new.
Business partner can be customers, suppliers or distributors establishing different relationship inside companies.
In such a scenario, discuss about business information isn’t simply as in the past when data involved were basically related to creditworthiness. It means evaluate a partner considering a wider number of significant documents with information providers able to collect and elaborate data coming from different sources.
Business Information providers have to become more and more a ‘hub’ able to evaluate risks under different perspective, giving to market ability to take decisions based on a wider awareness and knowledge.
Otherwise, issues related to unexpected risks not carefully taken into account could generated serious economic damages.