In today's ruthless business environment traditional credit control practices are no longer able to guarantee protection against loss and insolvency. Credit management tools such as Credit Insurance and Factoring have become a key factor in maintaining a company's profitability and protecting its Accounts Receivable. The accounts receivable are usually the most vulnerable aspect of a business regardless of whether the company is an SME or a Large Corporate.
Even the most rigorous and disciplined credit manager might not have been able to predict that the following prominent multinationals would all be faced with bankruptcy:
Credit insurance and factoring provide you with the cover of one of the most complex areas of your business: your Trade Credit Risks.