At Coface, our main mission is to help businesses – from SMEs to multinationals - throughout the world to achieve their commercial ambitions, better control their profit and win market share by optimizing their credit cycle. In this way, we have designed a range of risk management solutions covering four key requirements expressed by businesses for export: insuring sales, controlling and assessing risks, collecting unpaid receivables and evaluating markets.
This “made by Coface” protection is based on a powerful prevention system: our experts work around the globe to analyse the financial strength of businesses and anticipate payment arrears. Through this continuous review, we provide feedback on all or part of the customer portfolio, complementing and partnering with businesses.
Our in-depth knowledge of buyers and the markets enables us to offer bespoke advice and services, in addition to taking action quickly when risks of unpaid invoices materialise. This responsiveness is possible thanks to the unique close ties established with our customers, backed by our direct presence in 11 countries in CEE.
Numerous challenges for companies in CEE result in an increased number of insolvencies04/27/2023
Corporate insolvencies in Central & Eastern Europe (CEE) increased in 2022 due to high prices when it comes to energy, inputs, series of prompt interest rate hikes, the highest inflation in decades and the uncertainty related to the war in Ukraine.