Credit insurance for small and mid-size businesses
Small and medium sized businesses face a lot of challenges today. One such challenge is risking bad debts or unpaid accounts receivables. Coface offers EasyLiner, a credit insurance product that protects you against unpaid invoices in India and abroad. It is specially designed for Indian companies with an annual sales turnover between A$750,000 – A$5,000,000. Easyliner consists of three essential elements for the effective management of the credit you give to your customers:
- business Information and advice on your buyers to prevent non payment
- Collection of your unpaid bills
- Compensation and indemnification of up to 90% of the approved outstanding amount
EASYLINER IS THE CREDIT INSURANCE FOR SMES THAT...
- improves your credit score
- grows your business safely
- helps you to secure better borrowing terms and access more working capital facilities from financiers by assigning the insurance policy to them as security
HOW DOES EASYLINER WORK?
EASYLINER CREDIT INSURANCE ADVANTAGES:
- Extensive risk prevention
- 100% online – only a few simple clicks for securing your trade
- Swift indemnification
- Debt collection of unpaid invoices
- Opt-out clause in first 30 days
- Get Information and advice on your buyers.
- Give Coface the responsibility of collecting your unpaid invoices.
- Receive compensation on the protracted default of your buyers, in the event of insolvency.
- Manage your contract, the credit facilities of your buyers and claims via the simple, secure platform of CofaNet.
BENEFITS OF EASYLINER CREDIT INSURANCE :
- Comprehensive trade credit insurance coverage : A cover that ensures you are compensated in the event of payment default or insolvency of your buyers
- 100% Online Management : Just a few clicks to guarantee cover for your operations
- Peace of mind : Your turnover is secure and you are safe from unpleasant surprises.
- Competitiveness : Preserve and strengthen your competitive advantage and give more credit to your customers with confidence
- Financial support : Gain credibility and reliability in the eyes of your partners as well as easier access to bank financing