COVID-19 Survey #2 - Trend Lines COVID-19 Quick Response Survey - Second Release - Trend LinesThe Credit Research Foundation is conducting its second in a series of progressively more detailed surveys on the impacts and concerns impacting risk management professionals from COVID-19. The survey is brief and results will be quickly disseminated to only those who contribute.Thank you in advance for your participation! Question Title * 1. Please indicate your company's primary industry: Consumer Products Food, Beverage & Grocery Apparel, Footwear & Accessories Manufacturing Retail Energy Utilities Insurance Telecommunications Healthcare Professional Services Printing and Publishing Governmental Agencies Educational Institutions Other (please specify) Question Title * 2. Your firm's annual sales revenue: Less than $50 Million $51 - $100 Million $101 - $500 Million $501 - $1 Billion $1 - $5 Billion More than $5 Billion Question Title * 3. While it is still early in many firms' billing cycles, have you seen a slowdown in payments? Yes No Other (please specify) Question Title * 4. Would you classify the slowdown as: Mild payment delays More delayed than you would have anticipated Significant even though the billing cycle is relatively new Question Title * 5. Are the firms that are delaying payment: Proactively requesting terms extensions Simply taking extension unilaterally We really have not experienced any delays Other (please specify) Question Title * 6. With respect to anticipated slowness on receivable payments, is your firm establishing an overarching policy on (CHECK ALL THAT APPLY) Compliance with Robinson Patman Act Grouping requests/responses by sales volume Grouping requests/responses by assessment of risk Grouping requests/responses by geographical region Other (please specify) Question Title * 7. As these coronavirus-related delays in payment continue, will you: Reclassify the receivable (re-age it) as current on your A/R ledger Allow it to age and simply not engage in collections Question Title * 8. From a reporting perspective (internal and external) will you: Report the delays as past due – thus impacting your key metrics/KPIs Code the delayed payments as current and reflect the same in your KPIs Other (please specify) Question Title * 9. Have you continued to provide your payment experience externally (reporting agencies, trade groups)? Yes No Other (please specify) Question Title * 10. Have you "adjusted" your reporting to reflect internal process? Yes No Other (please specify) Question Title * 11. Have you engaged your audit teams (internal and/or external) with respect to your anticipated actions? Yes No Not Yet Other (please specify) Question Title * 12. Have you significantly changed terms of sale based on the risk assessment and impact to certain business segments? Yes No Still Assessing Other (please specify) Question Title * 13. Have you modified your third party collection placements? Yes, we have become more aggressive and placing more accounts No, we continue to place accounts in a similar pattern to what was done pre-COVID-19 Other (please specify) Question Title * 14. Have you made adjustments to your Bad Debt Reserves/CECL because of the crisis? Yes No Other (please specify) Question Title * 15. If you did make an adjustment: Yes No Did you use your company's historical perspective/actions when dealing with the crisis Yes Did you use your company's historical perspective/actions when dealing with the crisis Yes menu No Did you use your company's historical perspective/actions when dealing with the crisis No menu Did you simply raise the allocation by a specified percentage Yes Did you simply raise the allocation by a specified percentage Yes menu No Did you simply raise the allocation by a specified percentage No menu DId you use deep portfolio analytics to identify market segments that required a reserve modification Yes DId you use deep portfolio analytics to identify market segments that required a reserve modification Yes menu No DId you use deep portfolio analytics to identify market segments that required a reserve modification No menu Question Title * 16. Please complete contact detail in case CRF has questions concerning your input and to enable us to provide the results back to you. Name: Title: Company: Email: Phone: Done