Protect your sales
Customers have their own business and troubles
Although we note that you should know your buyers in detail, sometimes that is not possible. Knowing that your buyers can have their own troubles or have had adverse effects happening to their business, you may be caught by surprise.Public information is available mostly only yearly with time lag
Reporting for official and regulatory purposes gives options to obtain a certain level of information on your buyers, however this obligation is in best case limited to public financial data once a year and possible interim reporting. The length of the time lag and the age of information are such that they cannot offer full scale support and comfort but must be used with additional tools.Negative events mostly come as surprise
Almost all major negative corporate events come with an element of surprise and with almost no time to react to them. With surprise there is also a factor of loss that can happen as a result of it and can have a severe negative impact on the business. Credit insurance not only prevents losses but also helps with pricing policy
Credit insurance is one way to limit the possibility of surprises, however it does not serve as a complete and water-proof shield. You may use the credit insurance as indication of how risky your buyers are and also change the pricing policy. You may increase price and/or cut credit terms in order to manage your overall business risk exposure. Credit insurance as buffer and indication
Even with credit insurance a part of the claim will remain open and at a certain moment the credit insurance cover may be decreased or eliminated. Having this information in the right moment is essential as it will affect the way you will handle your business. We will provide the timely information and help you shape your risk policies that will optimize your resources.