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Risk management of accounts receivable has always been a matter of great concern to enterprises. Once the accounts receivable are formed, the accounts receivable customers default, and the case of no one to follow up, due to the stagnation of the company's information and the change of personnel, eventually, lead to overdue, default, or even bad debts. How to conduct accounts receivable risk assessment to avoid corporate debt black holes?

From the following procedures, Red Star develops and implements a complete and systematic accounts receivable risk management system to ensure that the management work runs on a benign track:

1. Accurate and timely customer background checks.

Generally includes the following aspects: whether the customer has a fixed production and operation site, statutory business registration, good reputation; whether the product has a good market prospect; what is the customer's production and operation scale and expected procurement scale; whether the customer's history Debt disputes and causes of disputes; basic information on the person in charge of the client enterprise and the person in charge of the procurement finance department; basic information on the client branch and related companies.

2. Objective and real customer credit survey.

Through detailed investigation and analysis of the customer's business scale, business cycle, liability structure, and property rights ratio, RedStar evaluates the customer's highest credit limit, the longest credit period, and the default procedures.

3. Improve contracts and other written agreements.

It is necessary to establish relevant written treaties between the credit-selling the customers and enterprise credit risk, so as to make specific operational provisions for a series of procedures such as receiving orders, delivery receipts, payment settlement, and financial reconciliation.

4. Daily monitoring and management of accounts receivable risk.

Follow up on the customer's business situation and grasp the dynamics of accounts receivable in a timely manner. Especially for overdue accounts, efforts are made to increase the efficiency of the collection of accounts receivable while increasing dunning. For accounts receivable that have not yet expired, supervision should not be loose in case new defaults occur, by doing so, the security of accounts receivable is on the highest level.

For more solutions to account receivable risk management, please see the following link:

International Contract Default Risk  

In cross-border commercial trade activities, multinational corporations face a serious increase in international trade labor and economic contract breaches, fraud threats risks, including international labor contracts, international investment contracts, international technology transfer contracts, and international sales contracts.                            

International Trade Fraud Risk   

Due to the different countries and regions where the two parties are involved in international trade, and a number of procedures of the sale, transportation, insurance and payment of goods, the mutual influence and restraint of the two parties are weak, it is not easy to be detected when fraudsters implement frauds.            

International Trade Payment Settlement Risk  

The risk of international trade payment settlement is mainly reflected in the lack of an effective understanding of foreign customers before trading transactions, and it is unable to obtain sufficient credit for them.

Legal Industry   

In the legal industry, lawyers are the cornerstone of legal procedures. In general, investigation and evidence collection is a problem that plagues lawyers, and the legal work required far exceeds the responsibility of the law firm's own employees.   

Debtor Tracking  

The debtor is missing, they change their contact number, change their company name, and of course, move the house. You may have exhausted all available methods and may find it difficult to find the debtor, which disappears with the debt. If the debtor is not found in time, the debt cannot be recovered.        

Litigation and Legal Support

We provide litigation and legal support to our clients. Legal disputes are complex, expensive and time-consuming, and nothing is worse than losing lawsuits. Missing key information or unacceptable evidence lead to loss.5

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Financial Investment Industry

The financial investment industry is a complex industry involving a wide range. Based on the high-risk characteristics of the industry, the financial investment industry faces various fraud risks such as bankruptcy fraud, investment fraud, contract fraud, bill fraud, check fraud, collateral fraud, mortgage fraud, and embezzlement of public funds, which are difficult for SMEs and individuals to prevent. Without professional financial risk management, companies and individuals may experience severe financial losses and assume significant fraud risks.

Do you know how to use scanners? Then, how? If you want to know the practical method, you must have a good look at the following content!

The scanner is a device that uses photoelectric technology and digital processing technology to convert graphic or image information into digital signals by scanning.

Scanners are usually used for instruments and equipment external to computers. By capturing images and converting them into digital input devices that computers can display, edit, store, and output. The scanner can be used to scan photos, text pages, drawings, art pictures, photographic negatives, film films, and even three-dimensional objects such as textiles, sign panels, printed board samples, etc. and to extract and convert original lines, graphics, text, photos, and planar objects into devices that can be edited and added to files. The scanner belongs to the input system of computer-aided design (CAD). Through computer software and computer, the interface of output equipment (laser printer, laser plotter) forms the computer processing system before screen printing. It is suitable for office automation (OA) and is widely used in sign panel, printed board, printing industry, etc.

How to use a scanner

(1) Determine the appropriate scanning mode

Scanners can be used to scan images, text, photos, etc. Different scanning objects have different scanning methods. Opening the scanner's drive interface, we found that the program provides three scanning options, of which the "black and white" method is applicable to documents in black and white. The scanner will represent black and white pixels by one bit, thus saving disk space. "Grayscale" is applicable to a mixed layout of pictures and texts with both pictures and texts，scanning this type of picture with both texts and multiple grayscale levels. "Photos" is suitable for scanning color photos. It requires multi-level sampling and storage of red, green, and blue channels. Before scanning, it is necessary to select an appropriate scanning method according to the scanned object before obtaining a higher scanning effect.

(2) Optimizing scanner resolution

The higher the scan resolution is, the clearer the image is. However, considering that if the resolution of the output device is exceeded, it is impossible to print a clearer image. It only takes up more disk space and has no practical value. Therefore, it is necessary to choose the appropriate scan resolution. For example, prepare to use a 600dpi resolution printer to output the results and scan at 600dpi. If possible, scale down large images after scanning. For example, if you scan a 4*4-inch image at 600dpi and reduce it to 2*2 inches in the editing program, its resolution is 1200dpi.

iCODIS Megascan X3 document scanner

icodis document camera x3

(3) Set the scanning parameters

When a scanner pre-scans an image, it scans according to the system default scanning parameter values. For different scanning objects and different scanning methods, the effect may be different. Therefore, in order to obtain higher image scanning quality, the parameters can be adjusted manually. For example, when the brightness of grayscale and color images is too bright or too dark, the brightness can be changed by dragging the slider on the brightness slide bar. If the brightness is too high, the image will look white. If the brightness is too low, it is too dark. The brightness of the image should be moderate when dragging the brightness slider. Similarly, for other parameters, local modifications can be made according to the same adjustment method until their visual effects are satisfactory. In a word, a good scanned image can meet the printing output without further adjustment in the image processing software and is closest to the printing quality..

(4) Set the file size

No matter whether the scanned object is text, image, or photo, it is an image after being output by the scanner, and the size of the image is directly related to the size of the file capacity, so the size of the file should be set during scanning. Usually, the scanner can automatically calculate the file size when previewing the original manuscript sample, but knowing how to calculate the file size is more helpful for you to make appropriate choices when managing scanning files and determining the scan resolution. The calculation formula of the binary image file is horizontal dimension x vertical dimension x (scan resolution) 2/8. The calculation formula of the color image file is horizontal dimension x vertical dimension x (scan resolution) 2×3.

iCodis recommends hot sale scanners

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iCODIS’ Movie Theater Film Projector

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