What is Trade Credit Insurance?
Prevent and cover non-payment risks for your invoices locally and/or internationally
Offered to all companies, from SMEs to multinationals, it is a scalable and highly comprehensive policy..
HOW DOES CREDIT INSURANCE WORK?
This “made by Coface" protection is based on a powerful prevention system: our experts are working around the globe to analyse the financial strength of companies and anticipate payment arrears. Through this continuous review, we provide feedback on part or all of the customer portfolio in a spirit of complementarity and partnership with you.
How Coface trade credit insurance can help you prevent non-payment of invoices?
WHAT ARE THE MAJOR BENEFITS?
- Prevention of bad debts.
- Protect your cash flow and your balance sheet.
- Deliver on your anticipated income.
- Enhance your credit management processes.
- Save on bank financial guarantees or LC’s.
- Access to better borrowing terms.
- Peace of mind!
WHAT IS CREDIT INSURANCE?
It is an effective financial risk management tool that safeguards your company against losses sustained arising from non-payment of trade related debts.
Credit Insurance ensures that your company is not adversely affected by the unforeseen failure of one or more of your customers; it is also a tool to help you manage your risks.
Cofanet: an online application to serve clients
Coface provides clients with Cofanet, a secure online guarantee management space.
It enables each client to identify its buyers, see the total volume of guaranteed risks outstanding, report losses and monitor the indemnification of unpaid invoices, all in just a few seconds.
Cofanet also offers Debtor risk assessments, export functions and detailed research.
COFAMOVE: FOR SAFER TRADE WITHIN EASY REACH
Coface provides CofaNet users with CofaMove, a smartphone App to manage their customer and supplier portfolio.
CofaMove is a complementary solution to CofaNet.
It improves responsiveness in risk-taking and monitoring, as well as provides credit management guidance to sales forces in real time.。