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What is Trade Credit Insurance?

How does credit insurance work?

Trade Credit Insurance (TCI) is an effective financial risk management tool that safeguards your company against losses sustained arising from non-payment of trade related debts.
TCI 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.
  • Access to credit expertise and market knowledge from a worldwide leader in credit insurance.
  • Effective, professional assessment of the financial situation of your customers,
  • Indemnification of your unpaid debts
  • Global debt collection services available worldwide for debt recovery
How does credit insurance work?

HOW COFACE TRADE CREDIT INSURANCE CAN HELP YOU PREVENT NON-PAYMENT OF INVOICES?

  • Anticipate and resolve payment arrears from a customer;
  • Benefit from the quality and strength of Coface’s prevention;
  • Receive personalised advice from a Coface expert present in your market;
  • Focus on growing your business. 
 
Learn more » 
 
 
 
 
  
Contact us today for a free consultation, please click here.
 
 

WHAT IS THE IMPACT OF AN UNPAID INVOICE ON YOUR TURNOVER?

 25% of bankruptcies are due to unpaid invoices

You grant payment terms to your customers every day. And because it’s a routine way of doing business, you may not be thinking about the risk you’re taking.

 

But what happens when a customer defaults? When a business closes down? When a government suddenly forbids transfer of payments or declares a devaluation?

 

You might have never experienced any of these situations before, but you ought to know that 25% of bankruptcies are due to unpaid invoices.

 

How much of your total assets do unpaid invoices represent – and merit protecting?

 

AND YOU ? DO YOU KNOW THE IMPACT OF AN UNPAID INVOICE?
Move the sliders to change the values according to your company:
Operating
margin


Unpaid
amount


This simulation shows you the additional turnover you need to generate in order to absorb an unpaid invoice.
In your case, for a debt of 50.000, your company needs to generate additional turnover of
500.000 if your operating margin is 5%.

YOU WANT TO AVOID LOSSES. IT’S THAT SIMPLE :

REQUEST A FREE CHECKUP OF YOUR COMPANY PORTFOLIO BY OUR EXPERTS :

SME Solutions 
  • 100% Online: from quote to contract subscription and risk monitoring
  • Simple & Flexibility: choose the options upon your company profile and needs
  • All-inclusive price: no surprise, budget with serenity

 

Find out more » 

 

 

A comprehensive and tailor-made offer
  • A comprehensive offer that adapts to evolutions in your business
  • A solution that allows you to grow your sales safely
  • Facilitates your access to bank financing

 

Find out more »

 

designed specifically for the management of large multinational clients, who require flexibility, excellent service levels, international awareness and dedication.
  • Continuous support at headquarters and in your subsidiaries;
  • Attractive purchasing conditions thanks to pooled resources;
  • An overall view of your customer risks and optimised control of your subsidiaries;
  • Access to very precise and easy-to-use management applications such as the CGS Dashboard.

 

Find out more »

 

Why Coface credit insurance?
Learn more »
 
See how our clients have benefited from Coface credit insurance protection in different size of trade and sector. 

Cofanet: an online application to serve clients

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

CofaMove

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.。 

 

 

CofaMove (1)
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