Coface Global Solutions For Multi-National Companies
Multi-country cover to protect multinationals against payment arrears wherever they operate.
GLOBAL COVERAGE, PERSONAL SERVICE AND ADDED VALUE
One of the greatest challenges multinational companies keep facing is how to expand and manage trade risk across very different markets?
Coface Global Solutions (CGS) has been specially designed for multinational companies operating anywhere across the globe. It has access to instant business intelligence from Coface’s global network of underwriters and economists; and assigns an experienced Program Manager to ensure everything runs smoothly.
Since CGS was launched, it has already won market confidence and support from our brokers and blue-chip multinational clients from a wide range of industry sectors. At Coface, we constantly enhances and invests in CGS to ensure that it meets the needs of our valued clients.
COFACE DASHBOARD – CONSOLIDATED POLICY MANAGEMENT TOOL
Coface Dashboard is user-friendly, fast and clear. It enables you to oversee your consolidated CGS program and monitor your individual policies, from recent activity and acceptance rates to temporary decisions and submitted claims files.
This, makes it easy to anticipate changes in cover levels and discuss important developments with other stakeholders across the organization.
3 in 1 Solution To Stay In Control Of Your International Operations:
- See where your risks are concentrated
- Be notified with your portfolio’s latest changes
- Evolution of main indicators, audit trail
- Interactive world map
- Easy and user-friendly navigation
- Customize your data exports
- A reporting and consolidating device for your portfolio
- Monitoring tool of your program, follow premiums and claim situation
- Communication support for your credit management
DELIVERING A VALUABLE SERVICE…
A Japanese holding company operates a worldwide electronic goods trading activity. It consists of 35 subsidiaries and approximately 100 sales offices.
The holding company implements a decentralized policy which allows its subsidiaries to purchase its own credit insurance policy. Six months ago, the Chief Financial Officer of the holding company was introduced to “Coface Global Solutions” program which three of its subsidiaries were using. Very interested in the data available on the customer portfolio provided by its “CGS Dashboard”, the Chief Financial Officer decided to conduct a global review of credit insurance. 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, so far unsuspected by management, on subsidiaries of a number of company clients, which were in some cases operating under their historical names with no direct connection to the name of the parent company. The decision was made to include an analysis of the largest consolidated outstandings 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.