COFACE’S RESPONSE TO YOUR NEEDS: Business Information ServicesIn the context of risk management, we rely on a powerful global business information gathering and analysis 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. Being the business information provider with the most extensive experience in CEE, we can rely on our own researchers for taking the right decision. 105 info producers and 100 collection officers are serving our clients - supported by a Coface scoring model that was tailor-made for Emerging Europe.
Coface provides the automotive supplier with summarised and straightforward information on each of its suppliers, prepared by Coface’s experts in the form of reports that are updated several times each year.
On the strength of this information, the automotive supplier decides to review its portfolio of three suppliers. It agrees to higher volumes with two of them and scales back its contract with the third. According to the Coface report, the latter’s equity capital would have made it difficult to implement the capital expenditure needed in this sector in order to move up to the next technological level.
OUR OFFERS TAILORED TO YOUR NEEDS
It is vital to know the financial situation of your business partners, therefore Coface Business Credit Reports offer you a comprehensive and flexible tool for your credit risk management. They help you to assess potential business partners and categorize clients based on their credit and payment history.
Our monitoring services keep you informed of any changes in your business partner’s situation. Timely alerts help to reduce credit risks and avoid problems with suppliers and customers. Stay in control of potential risks and improve your decision-making process with Coface Monitoring, our automatic early warning services.
The Debtor Risk Assessment measures the probability that a company will default over a 12 month period. It predicts the likelihood of the business having difficulty in surviving as a trading entity. The DRA combines hard facts and a soft facts. Coface clients can access the DRA via Cofanet.