Credit Insurance
Whether you operate exclusively in Slovakia, or also internationally, you know the importance of protecting yourself against unpaid invoices, which can slow down your business significantly and pose a threat to your company.
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.
COFACE’S RESPONSE TO YOUR NEEDS
Insuring 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 100 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.
DELIVERING A VALUABLE SERVICE…
Coface insures the trade receivables of a Slovak SME that produces aromatic ingredients. This company, which has genuine know-how and an excellent reputation, is on the verge of obtaining its first major contract with a mass market retailer of household fragrance products.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
About Credit Insurance
Credit insurance offers 3 complementary services : professional assessment of the financial situation of your customers, indemnification and debt collection of your unpaid invoices.
Coface Global Solutions
Coface Global Solutions (CGS) has been designed specifically for the management of large multinational clients
Coface Global Solutions
Coface Global Solutions (CGS) has been designed specifically for the management of large multinational clients
Coface TopLiner
Coface TopLiner: A complementary cover option for our customers with Globalliance policies.
Coface Global Solutions
“Coface Global Solutions” (CGS): designed specifically for the management of large multinational clients
Coface TradeLiner
Coface TradeLiner credit insurance adapts to the needs and activities of your company. Your cover evolves automatically.
Coface EasyLiner
Coface EasyLiner protects SMEs against unpaid invoices. Get an insurance to cover your operations in just a few clicks.
