For Global Companies
Trade risk cover for multinational businesses.
Four good reasons to choose “Global Solutions”:
- Continuous support at headquarters and in your subsidiaries by a dedicated team as well as local services available in 99 countries
- Attractive purchasing conditions due to substantial pooled resources
- An overall view of your customer risks and optimised control of your subsidiaries
- Access to very precise and easy-to-use management applications such as the CGS Dashboard
Designed for large multinational accounts
“Coface Global Solutions” (CGS) has been designed specifically for companies that are managing large multinational clients and require flexibility, excellent service levels, international awareness and dedication.
We work for you from our centralised hub of key management functions including Program-level Directors and Risk and Service Managers. We also work locally with operational functions such as Account Managers as well as contact with Risk Underwriting and Claims departments.
Benefits:
With this solution, your purchases will be more cost-effective and your credit management procedures optimised within your subsidiaries. In summary, you secure your international sales development and improve your operating performance. With support from our locally operating entities, CGS coordinates and structures your credit insurance on a global scale.
With “Coface Global Solutions”, you have an array of tools to manage your credit insurance as well as access to:
- Coface’s international network offering local credit insurance services either directly or through partners in 99 countries;
- a global database with information on 68 million debtors as well as 350 risk underwriters in a broad range of specialised business sectors;
- the “CGS Dashboard”, a modern and user-friendly platform to analyse client risks online. The CGS Dashboard provides a worldwide overview by client, risk level or country assessment and a clear view of the insured risks.
Global Credit Insurance - Case Study
A Japanese holding company operates a worldwide electronics network consisting of 35 subsidiaries and approximately 100 sales offices.
The holding company is decentralised, allowing its subsidiaries to purchase their own credit insurance policies. Six months ago, the Chief Financial Officer of the holding company was introduced to the “Coface Global Solutions” program which three of its subsidiaries were already using. Very interested in the data available on the customer portfolio provided by its “CGS Dashboard”, the Chief Financial Officer conducted a global credit insurance review. This review found that by increasing its expenditure by 23%, the company could cover 100% of its sales instead of just 56% as was previously the case.
Through the implementation of the ‘CGS Dashboard’ in all of its subsidiaries, the company identified cumulative commitments thus far unknown to management on the subsidiaries of a number of company clients. They were in some cases operating under historical names with no direct connection to the name of the parent company. The decision was made to include an in depth analysis in the next annual report, distinguishing between the insured and residual risk components. The Chief Financial Officer was confident that their shareholders, who pay close attention to working capital risks in this business, would appreciate this key information.