Navigate uncertainty with Coface's global risk assessments covering more than 160 countries and 13 sectors.
Growing a business while minimizing risk isn’t easy. The constant monitoring of new and existing suppliers can certainly lead to one (or many) sleepless nights. For many companies, active risk monitoring requires filtering through many data sources in an attempt to connect the dots and distill data into actionable insights. And then to keep doing it – over and over again.
A long-outstanding debt, unsuccessful internal debt collection efforts, difficult or even unreachable customers... Well, you’re not alone: 80% of companies struggle to collect unpaid debts! When this happens to you, calling on the skills of Debt Collection experts is a winning strategy to get paid before it’s too late. Remember this: 25% of unpaid debts result in bankruptcy.
How can you assess the financial health of a partner when extending trade credit? What are the solutions available to anticipate a potential non-payment by a partner? What are the best market opportunities for developing your business while cutting back on risk? Coface's information services help you make informed decisions, so you can control commercial risk and open up new growth opportunities.
Financial losses. Cash flow challenges. Reputation damage. No company wants to face nightmares like these that could disrupt operations, limit growth opportunities, and squash competitiveness. Fortunately, there’s a valuable tool that can help you manage risks associated with credit sales, ensure the continuity of your operations, and give you the confidence you need to pursue growth opportunities: Coface Trade Credit Insurance (TCI).
When it comes to business, it matters who you work with. Choosing the wrong business partner, whether it’s a supplier, customer, or key vendor, can be risky, disruptive, and costly. But how can you see the risk before it impacts your business?
Navigate uncertainty with Coface's global risk assessments covering more than 160 countries and 13 sectors.
Leaving a substantial debt of $2.59 billion in its wake, the third-largest U.S. trucking company, Yellow, made headlines in August by filing for Chapter 11 bankruptcy protection, leading to the displacement of 30,000 workers and the announcement it will cease operations.
Artificial Intelligence, Machine Learning, Predictive analysis and modelling, Deep Learning, Image processing... Coface is leveraging advanced Data Science technologies to manage risks more effectively and predictively for the benefit of its clients.
The Asia Corporate Payment Survey, conducted by Coface between November 2022 and April 2023, provides insights into the evolution of payment behavior and credit management practices of about 2,300 companies across the Asia Pacific region. Respondents are active in nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Taiwan and Thailand) and 13 sectors.
Artificial intelligence, massive data analysis, Machine Learning, predictive analytics and modeling, Deep Learning and Image Processing… Coface uses a whole set of advanced Data Science technologies to design new solutions for its clients.
The recent energy crisis has highlighted our economies' dependence on energy resources. With fossil fuels becoming less available, and a necessary transition to more decarbonised alternatives, could tomorrow's energy not become more expensive and less certain in availability? Selected excerpts from the new episode of Coface's podcast Trade Talk, with our chief economist Jean-Christophe Caffet and Marc-Antoine Eyl-Mazzega, Director of the Energy & Climate Center at IFRI.
The year 2023 began with great enthusiasm, but in all likelihood it will not be the year that most observers were expecting.
Coface’ survey shows that fewer firms encountered payment delays in 2022. 40% of respondents reported overdue, down from 53% in 2021. The average payment delay was shortened from 86 to 83 days in 2022.
The current economic situation can lead to major cash flow problems in many companies. Preventing delinquencies or collecting receivables immediately is critical to the survival of these businesses. To help you gain insight into your own credit management and improve your business risk prevention, here are 7 tips to better protect your business.
Discover the Coface China Corporate Payment Survey. Assess rising supply chain risks and raw material prices affecting the business landscape in China.
China has recently reopened its doors after an unprecedented closure of its economy.
Although the agreement concerning the cereals transit in the Black sea, first negotiated between Ukraine and Russia under the aegis of Turkey, then renewed in March, has contributed to ease the pressure on cereals supply, its effects are limited and grey areas on the food security of many countries persist.
The year 2023 starts with good news on the macroeconomic front. First, Europe has avoided a recession that looked long promised. Efficiency gains and the slowdown in activity have led to a sharp drop in energy prices and thus a welcome slowdown in inflation.
In contrast to the hopes of last year amidst the euphoria of the post-pandemic upturn, the macroeconomic outlook for 2023 is bleak, to say the least. Against this backdrop, should we expect a widespread rise in claims and corporate insolvencies? Jean-Christophe Caffet, Group Chief Economist, provides some answers.
The role of the business leader is to anticipate. When a crisis occurs, it can have irreparable financial consequences. Forbes magazine lists the essential insurance policies to prevent these consequences, which can be dramatic, and credit insurance is obviously one of them.
Wansquare asked a panel of economists and business leaders for their forecasts for 2023. Here is what our chief economist Jean-Christophe Caffet had to say.
While the difficult economic situation took its toll, the 6th edition of Coface’s survey on corporate payment experience in Germany indicates that the impact on corporate payments in 2022 appears to be moderate and comparatively lower than the shock on the economy.
Should French companies stay in Russia or leave? And whateveir their decision, what risks are they facing? Sector Economist & Data Scientist Erwan Madelénat answers three key questions about doing business in Russia in light of the war in Ukraine.
Coface, the world leader in credit insurance, has published its economic outlook for 2022. Global growth is expected to slow, but remain positive.
Wasn't autumn 2020 a nice time? Sure, a severe lockdown in Germany loomed on the horizon, but there was promising news regarding more effective vaccines…
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Navigate uncertainty with Coface's global risk assessments covering more than 160 countries and 13 sectors.
Dive into the world of global trade with Coface's Trade Talk podcast. Listen to conversations with trade experts as they examine current market dynamics and growth strategies.
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Access the business insights you need to manage credit risks across your entire business-partner portfolio and make strategic decisions with confidence.
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Coface online platform for managing your trade receivables. Full monitoring of your risks. Direct access to all tools according to your contracts.
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Stop juggling between software applications. Explore Coface API Catalogue and Integrated Solutions for Business Information and Trade Credit Insurance.
