Decisioning Statement
In the financial sector – especially at banks and credit card companies – expedited decisioning is needed to notify customers and clients if they qualify for a loan or credit.
The credit decisioning process if a critically important step because a poor decision to extend credit can result in an eventual default – which necessitates writing-off the loan and thus a decrease in the business’ profitability. However, an overly stringent credit decisioning process will result in too little lending as well as missed opportunities to lend at more lucrative rates.
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CFOs take on greater responsibilities now: MAS director
THE increasing complexities of the global business arena have meant that a chief financial officer (CFO) has evolved from being merely a steward of a company's financial statements to being the CEO's 'sidekick', that is, his right- hand man in the management of the business....
5/8/2008 8:00:00 PM
Business Times Online - All The Headlines
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