You grant payment terms to your customers on a daily basis, which means that you are exposed to associated risks. So, what happens when a customer defaults or when a business closes down? You might have never experienced any of these situations before, but you ought to know that 25% of bankruptcies are due to unpaid invoices. Moreover, 85% of local companies face late payments. How do you manage such risks?
What you need is a business partner that can take over these risks through dedicated credit management solutions. With over 25 years of local experience and 75+ years of international presence, Coface can help you secure your business. Our Trade Credit Insurance solutions safeguard your company against losses arising from non-payment of trade related debts.
You benefit from:
- professional assessment of the financial situation of your customers
- debt collection in order to recover the debt
- indemnification of trade receivables
Let us take another example. You want to expand your customer portfolio and the exposure on both domestic and international markets. Many challenges arise on the way and the information available about companies is limited. How do you choose your business partner? You can use Business Information solutions such as credit reports or monitoring services to make the right business decisions. Actually, non-payment risk prevention begins with gathering relevant and up-to-date information on buyers and the environment they operate in.
You benefit from:
- access to relevant data (such as up to date financials)
- informed decision making based on that data
- possibility to monitor the financials of partners so as to be aware of any negative changes in their situation
Dedicated to our mission of protecting and supporting businesses, at Coface we do not stop at offering
certain services, but we cover, 360 degrees, the needs of our customers, related to credit risk management. We begin our journey by looking into the development perspectives, from business assessment, all the way to invoice insurance, debt collection and indemnification.
For more details on how we can help you, check www.coface.ro.