Seizing Opportunities in Credit Management with ACE

Continuing our discussion on the challenges in credit management, Thomas Lundström, Chair of the Board at CapAid, also shed light on the opportunities that businesses can capitalize on to improve their credit management practices. 

Where do you see the most significant opportunities for businesses to improve their credit management practices? 

"One of the most significant opportunities lies in helping smaller companies push back against the trend of extended payment terms. As I mentioned earlier, companies like Volvo have recognized the importance of maintaining healthy cash flow for their suppliers. Smaller businesses need to enforce shorter payment terms and reduce their reliance on expensive financing options like factoring. 

Another opportunity is in digitizing and automating credit policies. This not only makes the process more efficient but also ensures that credit policies are applied consistently across the board. ACE is designed to address these very opportunities by providing tools that automate these processes, allowing businesses to focus on growth while minimizing credit risk and need to finance longer payment terms." 

In our next series of posts, we’ll explore industry-specific trends in credit management and how ACE caters to the unique needs of different sectors. 

Want to see how ACE can benefit your business?

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.