Through our trade credit insurance solutions, you can protect your company against bad debt losses.
The timely release of the capital tied up in trade receivables has a direct impact on a company`s liquidity and profitability. The larger the loss, the greater the impact on your company. Our expertise in credit and political risk empowers clients to foster growth. We provide tailored trade credit insurance solutions that align with your business objectives, effectively mitigating or even eliminating trade risks.
Initiating a risk dialogue marks the initial phase in crafting an appropriate trade credit insurance solution. Our dialogue centres on your company’s trade credit strategy. Recognising the uniqueness of each business and its specific requirements, we leverage this understanding to pinpoint potential solutions and optimization opportunities.
Together with you, we derive the appropriate concept for trade credit solutions. We prepare the relevant documents for a market survey and ask the credit insurance market for its offers.
You can rely on our specialists to conduct an analysis, culminating in a comprehensive market overview. We present a performance diagnosis that serves as the foundation for decision-making.
Ultimately, we’re here to guarantee implementation and long-term viability. We assist with integrating the trade credit solution into your company, handling all contractual matters. Furthermore, we provide training to enhance employee qualifications.
The GrECo Trade Credit team is there to assist you with various insurance solutions:
Trade Credit Insurance: As a supplier, your risk arises when your customer fails to meet payment obligations on time, in full, or not at all. By safeguarding against these risks, you can capitalize on your opportunities.
Single Risk Insurance: for larger projects which lasts several years, such as in the machinery and capital goods segment.
Single Buyer Insurance: for all transactions with a single customer.
Top-Up-Solutions for credit limits that are set too low with another credit insurer.
Preferential Payment Insurance if the insolvency administrator reclaims the amounts of invoices that have already been paid.
By offering a range of insurance solutions that cover different types of trade credit risks, such as single risk, single buyer, top-up, and preferential payment, the GrECo Trade Credit team can customize the best protection for each client’s specific needs and goals.
With our appropriate trade credit insurance solutions, you can ensure the safeguarding of your company’s liquidity and profitability. The supplementary benefit you can anticipate from our trade credit insurance solutions include:
- Support for expanding sales to new or existing domestic and export customers;
- Access to the Credit Insurer`s information system about the creditworthiness of the customers by credit limit decisions;
- Serves as supplementary services to your own credit risk management /delcredere process;
- Possibility to offer your customers credit terms, with no securities;
- Optimization of your customers’ portfolio;
- Reduction of bad debt reserves, including debt collection;
- Support to obtain attractive conditions from banks or other financial institutions.
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Lukáš Vodička
Group Practice Leader Credit & Political Risk
T +420 602 758 694