Credit Insurance, Protecting Accounts Receivable
You extend credit to your customers every day. And, because it’s a routine way of doing business, you may not be thinking about the risk you’re taking. But what happens when a customer defaults? The business closes?
Even if you’ve never experienced a loss before, it only takes one to greatly affect your bottom line and the future of your business.
After an in-depth analysis of this retailer’s situation, Coface warns the company of the customer’s non-payment risk. The CEO, with input from the plant manager and the head of sales for large accounts, is nevertheless prepared to proceed with this order, which alone would increase the company’s annual sales by 5%.
After further reflection, the chief financial officer decides to request a meeting with a Coface analyst, who convinces him emphatically of imminent and serious difficulties with the prospect. In the end, the company passes up the deal and leaves it to a competitor. That competitor is never paid by the retailer, which files for bankruptcy just a few weeks after the meeting with Coface.
OUR OFFERS TAILORED TO YOUR NEEDS
What is Credit Insurance?
Coface Credit Insurance protects businesses from bad debt caused by a customer's insolvency or payment default. It safeguards cash flow. So should the worst happen and non-payment occurs credit insurance will replace the cash, safeguarding the future of the company.
The Impact of an Unpaid Invoice
TradeLiner secures your commercial transactions and protects you against the risk of unpaid invoices
You can develop your turnover with peace of mind, and access new bank financing solutions. You benefit from all the advantages of credit insurance.
Coface Credit Insurance
A trade credit insurance policy covers the unpaid credit balance from sales made to your customers. Whether you choose to protect your domestic or export business, you are able to minimize the risks associated with customer's insolvency or delayed payment. Credit insurance from Coface is a comprehensive approach to receivables management, combining credit information, protection and collections. Insuring your receivables ensures your business will be around tomorrow.
Credit insurance for multinationals
GlobaLiner is designed for multinational companies operating across the globe. Access to credit-expertise and market knowledge from a worldwide leader in credit insurance. Flexibility in risk management and homogeneity of contract with unique wording.
A unique structure for multinational groups and a market leader in multinational credit insurance. Via an integrated team, we offer you an international network, dedicated teams in 7 regions focused on the management of large programmes, a set of dashboard to acutely control customer risk, a centralised system for negotation and consistent contract agreements that allow to increase efficiency.