Proformance, Inc

Exception management is a critical aspect of any business operation. It involves the identification, analysis, and resolution of exceptional cases that occur during the course of normal business operations. These exceptional cases can be errors, faults, failures, or exceptions that deviate from the standard or expected behaviour of the system. Properly managing exceptions is essential for businesses to maintain optimal performance, minimize risks, and ensure customer satisfaction. In this blog, we will discuss some principles of exception management that can help businesses improve their operations. Establish Clear Exception Handling Policies: The first principle of exception management is to establish clear policies and guidelines for handling exceptions. These policies should define the types of exceptions that are expected to occur, their severity levels, and the procedures for handling each type of exception. By doing this, businesses can ensure that all employees are aware of how...

Collateral management is a critical aspect of financial management, particularly in today's dynamic financial world. Collateral refers to assets that borrowers pledge as security for a loan or credit facility. In case of default, lenders have the right to seize and sell these assets to recover the outstanding debt. Therefore, is the process of monitoring and controlling these assets throughout the credit cycle to minimize credit risk, maximize returns, and ensure financial stability. In this blog post, we will discuss the importance of collateral management software in today's financial world and its relevance for businesses like Proformance, Inc. Mitigating Credit Risk   Collateral management is essential in mitigating credit risk for lenders. By pledging assets as collateral, borrowers provide a source of security for the lender in case of default. Collateral management ensures that these assets are of sufficient quality, appropriately valued, and readily accessible to the l...