Trade Credit InsuranceInsuring your company’s sales is vital to ensure its long-term viability. Thanks to our database covering more than 68 million businesses worldwide and combined with our network of collection experts in 99 countries, Coface can offer you unique knowledge of your customers, to help you make educated and accurate decisions for your operations with coverage in nearly 200 countries.
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 99 countries, CGS coordinates and structures your credit insurance solution on a global scale