Liquidity is the lifeblood of any company. Even with full order books, many companies have failed because of a lack of liquidity. Efficient credit management is therefore critical to the economic success of a company. Today this applies more than ever, given the uncertainty of the global economic climate for 2017.

The cautious and very slow growth in 2016, both in the US and globally, is under threat by a growing level of insecurity. Experts expect rising corporate insolvency numbers and fear distortions in world trade; among other factors due to unforeseen political developments.

In its World Economic Outlook published in January 2017, the International Monetary Fund (IMF), for instance, expresses uncertainties with respect to the political positions and measures of the new US administration and their implications for world trade and the global economy. Euler Hermes, in its latest Global Insolvency Index, expects an increase of company insolvencies by up to 3% in the United States. Globally, more insolvencies are also anticipated. According to Dun & Bradstreet's Country Risk Score, the global risk has even gone up compared to 2009.

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