Credit Management in the Nordic Region

In this post, we continue our conversation with Thomas Lundström, Chair of the Board at CapAid, as he shares his perspective on how companies in the Nordic region approach credit management differently compared to other parts of the world. 

Can you share any insights on how Nordic companies are approaching credit management differently compared to other parts of the world? 

"In the Nordic region, we benefit from very good data availability. Companies here can easily access balance sheets, profit and loss accounts, and other financial data, which allows for more fact-based decision-making. This level of data openness is less common in other parts of the world, where data collection can be much more manual and cumbersome. 

This gives Nordic companies an advantage in managing credit risks because they can base their decisions on solid, up-to-date information. However, it also means that Nordic companies need to be vigilant in using this data effectively to manage credit risks. ACE supports this by providing automated tools that help companies analyze and leverage this data to make better credit decisions." 

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Thomas Lundström
Founder & Chair of the Board, CapAid

Thomas is the founder and driving force behind CapAid. He holds a Master's degree in Economics from Hanken School of Economics in Helsinki and is passionate about value creation and helping others succeed.

He has over 30 years of experience in financial consulting, including areas such as working capital management, corporate financial risk management, and financial steering.