Laser 1 Technologies is a fabrication shop that started out as two separate businesses, one specializing in laser cutting and the other precision machining. After the merger, fabrication, tooling, welding, and metal stamping were offered and they secured larger clients and more complex projects. It became apparent, they needed to offer credit and determine the amount to safely extend. Also, after credit was issued, they were not able to easily track the company’s credit worthiness and consequently, their risk assessments were reactive rather than proactive.
Business Insights for Managing Clients, Vendors, Originators and Prospects