A trade credit insurance policy covers the unpaid credit balance from sales made to your customers. Whether you operate exclusively in Japan or internationally, you know the importance of protecting your company against unpaid invoices, which can have a negative impact on your cash flow and could pose a substantial threat to your business. In order to make sure that you are able to run your business smoothly, we at Coface offer trade credit insurance products to protect your business against loss from bad customer debt.
With Coface trade credit insurance, you can choose to protect your domestic and/or export business and minimize the risks associated with a customer's insolvency or delayed payment.
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
Prevention and cover against non-payment risks for your invoices. With this product, you will be able to secure your commercial operations in COUNTRY and/or internationally. The operations insured may range from consumer goods to services and international trade
TradeLiner secures your commercial transactions and protects you against the risk of unpaid invoices. You can develop your turnover with peace of mind, and access new bank financing solutions. You benefit from all the advantages of credit insurance.
GlobaLiner is designed for multinational companies operating across the globe. Access to credit-expertise and market knowledge from a worldwide leader in credit insurance. Flexibility in risk management and homogeneity of contract with unique wording.
A unique structure for multinational groups and a market leader in multinational credit insurance. Via an integrated team, we offer you an international network, dedicated teams in 7 regions focused on the management of large programmes, a set of dashboard to acutely control customer risk, a centralised system for negotation and consistent contract agreements that allow to increase efficiency.
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