COFACE’S RESPONSE TO YOUR NEEDSInsuring your company’s sales is vital to ensure its long-term viability. Thanks to our database covering more than 65 million businesses worldwide, combined with our network of collection experts in 97 countries, at Coface we offer you unique knowledge of your customers, to help you make fair and accurate decisions for all your operations with nearly 200 countries.
After an in-depth analysis of this retailer’s situation, Coface warns the company of the customer’s non-payment risk. 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 imminent and serious difficulties with the prospect. In the end, the company passes up the deal and leaves it to a competitor. That competitor is never paid by the retailer, which files for bankruptcy just a few weeks after the meeting with Coface.
OUR OFFERS TAILORED TO YOUR NEEDS
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.
For credit insurance, “TopLiner” offers an additional cover between 5,000 and 5 million EUR. It is designed for situations where, for a given buyer, the insured company has received a guarantee with an amount which is less than that requested or no guarantee at all.
A unique structure that coordinates Coface's operational experts in 97 countries, enabling multinationals to develop bespoke solutions for managing and securing their receivables.
Coface also offers access to its global database with information on 68 million debtors, its 350 specialised risk underwriters covering each business sector and its renowned knowledge of country and sector risks.
Coface provides clients with CofaNet Essentials, a secure online guarantee management tool and CofaMove, a smartphone app to manage their credit limits. With CofaNet Policy Master, our policy holders will be able to simplify the daily management of their insurance cover. The online application provides a real vision of their exposure to customer related risks.