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New Credit tracking service for multinational companies in 66 countries

20 November 2012 Coface

With a direct presence in 66 countries, international credit insurer Coface is now enabling international groups to globally view their trade risks and manage these risks using a new monitoring and analysis tool.

Corine Troncy, Coface's group commercial director, said, "With more than 18 000 companies worldwide with turnovers exceeding €500-million, credit insurance contracts and related services are generally needed in the countries where they operate.”

Multinational companies have immediate access to Coface's international network across 66 countries and offers, either directly or through its partners, credit insurance services in 97 countries. In addition, clients have access to Coface’s worldwide database offering information on 68-million debtors, its 350 risk underwriters who are specialised by business sector and its recognised knowledge of country and sector risks.

Coface Global Solutions (CGS) deploys a programme leader who works closely with local teams dedicated to multinational companies.

CGS multinational clients have access to the CGS Dashboard, a tool that provides the client with centralised data management for all trade receivables:

- Immediate access to existing data history and trend analysis over long periods;

- Access to all source data, giving personalised analyses;

- Geographic and sector comparisons;

- Implementation of key indicators for further control of objectives linked to customer credit;

- Calculation of the acceptance rate for risks and indicators over the last 24 months;

- Statistical analysis of the reasons for refusal of cover;

- Identification of aggregates in trade risk exposure;

- Unique ergonomics allowing the policies that comprise a credit insurance programme to be grouped together in a customised manner, mirroring the client’s internal group organisation;

- Data and analyses can be downloaded immediately in pdf, excel or data file format;

- Updated comparisons at current or constant structure exchange rates.

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