In the B2B market, it is inevitable to give customers a certain credit line. Today, the total amount of credit given by suppliers to customers is equivalent to twice the total amount of loans given by banks to enterprises. The credit insurance provided by Cofas can help enterprises avoid the resulting credit risks.
Cofas global buyer database stores more than 55 million pieces of company information, which is used by underwriting personnel in various countries within the group, providing online and offline solutions for customer credit line applications.
Cofas was established in 1946, and the service network consisting of Cofas directly affiliated institutions and members of international credit cooperatives is all over the world, so customers can easily obtain professional services locally.
Credit insurance is an effective tool to avoid the risk of non-payment by buyers. It can help you:
-Optimizing cash flow
-reducing the cost of bad debts
-Reduce bad debt provision
-Let you focus more on your core business.
-Protecting the balance sheet
In Greater China, Cofas provides Globalliance global policy and contract-specific credit insurance business to meet your different business needs. Understanding business partners and customers is essential. At every step of the transaction, it is also necessary to find a suitable business partner and evaluate whether the customer can fulfill his promise.
Cofas Greater China Credit Management Co., Ltd. is the production center of corporate credit reports in Cofas Greater China. Founded in 1982, it is the first enterprise information service company to obtain ISO900 1 certification.
Characteristics of COFCO Greater China Credit Management Co., Ltd.
-ISO900 1:2008 Quality System Assurance
-ICON, an online ordering and delivery system for enterprise credit reports.
-Provide updated reports when ordering reports.
-In-depth field visits and expert analysis
-Reliable credit rating, which is based on the rich experience of @rating credit score and Cofas.
-Appropriate credit limit proposal
-Guaranteed delivery time
-Strong customer service and good management of overdue accounts receivable require experienced and systematically trained professionals and effective resources. Cofas can provide comprehensive services for overseas and local overdue accounts receivable. With the international network covering more than 100 countries, Cofas has rich experience in this field, ensuring to help customers fully grasp the company's credit and overdue accounts receivable management.
Services include:
-Before accepting the entrustment, carefully analyze the case and formulate the recovery strategy.
-Provide the preliminary investigation and analysis report of the case within 1 month after accepting the entrustment.
-Visit the debtor at home and negotiate with the debtor in a legal and appropriate way.
-Keep close contact with customers and report the progress of collection every month.
-If there is any latest progress, provide a progress report in time.
-After the debt is recovered, it will be transferred to the customer immediately.
-If the case is complicated or the amount is huge, it will be followed up by a professional lawyer.
-If the overdue arrears are not recovered successfully, a detailed settlement report will be submitted.
Advantages of COFCO Greater China Credit Management Co., Ltd.;
-Payment is only required after the collection is successful.
-Conforming to ISO 900 1:2008 quality system standard.
-High collection success rate and fast service.
-Professional overdue accounts receivable management service.
-DCON, an online overdue accounts receivable management system, helps you to know the collection status of accounts receivable in time.
Can help companies:
-Better management of outstanding accounts
-Maintain good relations with domestic and foreign trade customers.
-Understand the whole process of overdue accounts receivable management.
-Get good liquidity and cash flow.
-Enhance the company's own financial attractiveness
-Saving human resources
China and Hongkong-provide local and overseas commercial collection services.
Only Chinese mainland overseas commercial account collection service is provided.
Taiwan Province Province, China-Only international commercial account collection service is provided.