Insuring a company’s credit exposure enables risk transfer for a known level of premium; provides access to information that can aid decision taking when considering new business opportunities; and can save considerable time and money compared to alternative credit risk solutions.
It protects businesses against commercial risks that are beyond their control and minimises the financial implications of sudden or unexpected customer insolvency helping them to become more profitable.
It can also:
- Enable suppliers to retain good working relationships with customers
- Provide better cash flow
- Improve relationships with banks providing reassurance when they are providing finance
- Support business growth by giving businesses the confidence to work with new customers or expand into new markets
- Secure a competitive edge for suppliers through on-going access to customer insight and having the ability to offer open credit to customers