BENEFITS OF TRADE CREDIT INSURANCE
- Growth in Sales - With trade credit insurance products, you can boost your sales by offering favorable credit terms to debtors or prospects and you can also avoid the hassle of using letters of credit when doing business abroad.
- Cash Flow Relief - Trade credit insurance provides cash flow relief, when debtors become insolvent or are unable to pay bills on time. Losses can be indemnified, allowing your business to maintain its cash flow.
- Access to Financing - Lenders and financial institutions look favorably on insured receivables.
After an in-depth analysis of this manufacturer’s situation, Coface warns the company of the manufacturer’s financial losses in recent years. 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 serious difficulties in cash flow with the prospect due to non-payment of its largest importer in Italy. In the end, the company declines the deal and leaves it to a competitor. That competitor is never paid by the manufacturer, which files for bankruptcy just a few weeks after the meeting with Coface.
OUR OFFERS TAILORED TO YOUR NEEDS
Coface Global Solutions” (CGS) is designed specifically for the management of large multinational clients.
With this system, your purchases are more cost-effective and your credit management policy is optimised in your subsidiaries. With our local support team in 97 countries, CGS coordinates and structures your credit insurance solution on a global scale