COFACE'S RESPONSE TO YOUR NEEDSIn the context of risk management, we rely on a powerful global business information gathering and analysis network, enhanced by members of the “Coface Partner” network, who feed our databases in real time.
The information gathered and analysed is reproduced in several forms: reports, a summary indicator of single and global risk levels and various risk-taking recommendation tools. With our credit risk assessment services, you can manage your sales development efforts optimally.
In Central Europe, this global line of services is complemented by an extensive range of business information products aimed at companies that lack credit insurance.
However, without indicating any reason why, the buyer broke off this contract while it was being implemented, despite the fact that the French company had already started to deliver and install the equipment.
The manufacturer notified Coface immediately and explained that its customer was also refusing to pay for any equipment that had already been installed. We advised it on a plan of action taking the specific features of the contract into consideration, as well as the relationship with its customer.
After the negotiations failed to reach a positive outcome, Coface awarded this French manufacturer compensation for non-payment for the equipment delivered and received. In addition, as the company was unable to withdraw from its deals with its subcontractors which it had set up to handle part of this contract, Coface paid out compensation for the loss sustained under its manufacturing risk cover."
OUR OFFERS TAILORED TO YOUR NEEDS
Company Risk Monitoring Services from Coface provide companies with high-quality information customized to their needs. They keep them up-to-date on changes in their customer’s status on a regular basis. This will improve the decision-making processes and control potential risks.