According to the latest Credit Risk Management study in Portugal, conducted by Crédito y Caución and Iberinform with approximately 250 managers, “20% of companies lack any strategy to counter negative changes in the commercial and economic context, which brings vulnerability to risk management.”
Meanwhile, 23% of companies claim to have basic measures, and 27% say they are developing specific actions to counteract negative economic changes.
Crédito y Caución and Iberinform emphasize that having preventive measures in place “can reduce financial risk between 30% and 70%, depending on the type of company, sector, and level of implementation.”
The study also highlighted the “reluctance of companies to incorporate AI [artificial intelligence] tools” into credit risk management, with only 5% of the more than 300 companies surveyed incorporating it into their evaluation processes and 82% not considering the use of this technology in credit risk management.
This is despite the notion that AI “enables the processing of large volumes of historical and real-time data to anticipate financial scenarios such as revenue drops or non-payments, thus helping to predict, mitigate, and respond more swiftly to economic challenges.”
