Provides cash flow certainty by paying invoices within a set period, providing you with a more predictable DSO.
Maintaining a healthy cash flow is one of the most vital aspects of any business. If a customer defaults on an invoice it can take months to recover payment, even if you are insured, as many claims processes are lengthy. Often, you are financing your customers' late payments to the detriment of your cash flow and your business development.
We have therefore developed an innovative policy that integrates credit assessment, credit insurance and collections management. Cashflow Trader's unique Early Claim Payment feature provides certainty of cash flow by paying claims 30 days after notification where a debt remains uncollected.
Cashflow Trader is a Coface Globalliance contract - a policy whose flexible modular format enables us to tailor-make it to your particular trading requirements.
How the policy works
- Flexibility is key. You choose when and for which customer you would like the collection process on an unpaid invoice to start. This can be at any time between the due date and the date in your policy that you are asked to notify us. This applies to all invoices for which a credit limit or @rating has been requested, not trade below the Discretionary Limit.
- Our discreet and professional collections team will then begin the recovery process.
- If, after 30 days of attempting to collect the debt, we have not recovered it, we will pay you up to the value of the credit limit or @rating subject to a maximum of €1.3 million.
Benefits to you
Predictable DSO
You will no longer have to deal with the problems of an unpredictable cash flow. With Cashflow Trader's payment date certainty, you can plan your cash flow more accurately. The policy allows you to place a definite upper time limit on payments, thereby allowing your business to use working capital more effectively.
Operational efficiency
Your staff can focus on key business goals while we manage the collection process. Our service covers invoices to companies across the world.
Money saved
Cashflow Trader reduces your need for lengthy and costly financing of customers' payments and for making bad debt provisions.
Peace of mind
The credit insurance element of the policy means that you are protected against non-payment and can concentrate on growing your business. At a time when concern over late payments is growing, Cashflow Trader provides a 3-in-1 solution for domestic and export trade. And with an indemnity of 90% peace of mind is assured.
