Phil Gootee, president of Global Credit Services sat on panel at A.R.E’s 54th Annual Convention in Palm Beach, Florida to address the credit risks and challenges facing the retail environments industry in today’s market
NEW YORK, Dec. 17, 2009 — Phil Gootee, President, Global Credit Services, participated in a panel discussion addressing the credit risks and challenges facing companies in the retail environments industry in today’s market. Joining Mr. Gootee on the panel was Scott Peltz, RSM McGladrey. Invited to speak to the 800-member organizations at the annual convention of the Association for Retail Environments, Mr. Gootee discussed the issues of creditworthiness of retailers and the signs to look for to avoid collection issues. He shared economic insights into the key challenges currently facing retailers, as well as the services that Global Credit Services can provide to help mitigate risk.
The goal of Global Credit Services is to help its clients manage and reduce their risk. With 14 years of experience in analyzing retailers, GCS bases the ratings on a combination of retail-centric predictive metrics and analyst expertise. A team of analysts, each with an average of 15 years of experience, sets Global Credit Services apart from other solely computer-model driven companies. With the newly introduced ClearPath suite of flexible web-based tools, GCS puts credit managers in control of credit analysis, collateral tracking, exposure monitoring, and portfolio management. Global’s ClearPath speeds and standardizes routine credit-risk management decisions with in-depth, on-demand data tools and expert analysis. In addition to the customized client-based reporting modules, GCS industry experts provide concise reports on a quarterly basis that tie together operational performance, liquidity, leverage, competitive, and other factors to assign a risk-based rating and outlook.
GCS client Stan Burson, President, FFR-DSI, Inc. states, “Our ability to meet the challenge of identifying risky retail operations has been greatly facilitated by the information provided by Global Credit Services. We are able to make quick, informed decisions that result in a minimization of our credit exposure to precarious companies. Over the last year we have been able to avoid major losses on LNT, Circuit City, and…Penn Traffic due to the information provided. We use Global on a daily basis and feel it is an excellent source of actionable credit information.”
Global Credit Services is a leading provider of web-based credit information and risk management solutions. With its innovative software and experienced credit analysts, Global delivers accurate, unbiased and timely ratings information. Global helps corporations measure, manage, and mitigate credit risk with industry-specific credit scoring models and a robust database covering U.S. and international companies. For more than 14 years, Global has been a trusted resource for credit professionals. http://www.globalcreditservices.com
Contact information:
Nicole Smolowitz
Global Credit Services
917-388-8811
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