COFACE

Background

Coface is a leading player in trade credit insurance, business information, and debt collection. Acting for trade for almost 80 years, Coface began as part of the French government and now helps 100,000 companies grow across some 200 markets.

Our 3 Coface solutions help companies trade confidently, reduce risk, and grow smarter on a global scale.

1. Coface Trade Credit Insurance protects your invoices against excessive late payment or – in the worst-case scenario – default by your customers.

It compensates for your loss by indemnifying you up to 90%.  A range of options are available so that you can adjust your coverage to meet specific risks (such as political or manufacturing risks, litigation, etc.).

With trade credit insurance, your customers’ financial health is monitored, helping you make the right business decisions. And trade credit insurance also means you have easier access to financing.

In short, when you insure your sales in Hong Kong and / or for export with Coface, you protect your cash flow and preserve your margins. You also optimize the management of your accounts receivable and safeguard your growth.

COFACE Group, through its insurance company partners in Hong Kong, offers simple and flexible credit insurance products that are tailored to fit your size, sector and business ambitions.

• How does credit insurance work?

The role of Coface is to keep you up-to-date. The risk experts will continuously analyze each of your customers either domestic or export to ensure their reliability. This guarantees you safe commercial development and helps you work with the right customers.

Risk Experts will analyze the creditworthiness and financial stability of your insured customers, and assign them a specific credit limit, which is the amount Coface will indemnify if that customer fails to pay.

When signs indicate a company is experiencing financial difficulty, you will be notified of the increased risk of selling to that debtor. An action plan will be established to mitigate and avoid loss.

If an unforeseeable loss should occur, Coface can pay you the claim benefit up to the amount defined in your policy terms.

Please see our Hong Kong website at www.coface.com.hk/trade-credit-insurance

For Trade Credit Insurance Services - Hotline Number Available +852 91098206

2. Coface Business Information

Accessing timely strategic information provides a crucial competitive edge. Coface offers insights for outcomes enabling you to forecast and mitigate non-payment risks, safeguard investments and supplies, and confidently expand into new markets. Whether it's Prospecting, Credit Management, Supply Chain Security, Financial Audit, or expediting your KYC processes, Coface supports your requirements and decision-making.

• Risk Analysis

Coface equips you with the information, analysis, and guidance necessary to streamline your credit evaluations, ensuring you can extend suitable terms to your customers.

• Drive Growth

Explore new markets with confidence. Assess the associated risks and the reliability of your export partners. With Coface's information and insights, venture further and with assurance.

• Ensure Operational Continuity

Coface’s business intelligence allows you to monitor the financial quality of your suppliers to avoid any break in the supply chain.

With almost 80 years of experience in trade credit insurance, Coface empowers companies to effectively manage global risks:

• Global Reach: Access insights from 200 countries worldwide.
• Macroeconomic researchers for sectoral analysis and understanding of economic environments.
• Extensive Data: Over 450,000 information reports added monthly to our database.
• Deep Expertise: Supported by 700+ underwriters and risk analysts, managing over HKD5400 Billion of underwritten risk.

Please see our Hong Kong website at www.coface.com.hk/business-information

For Business Information Services - Hotline Number Available  +852 93142858

3. Debt Collection: Get fast debt recovery

Quickly recover your outstanding invoices with commercial debt collection.

• Recover Late Payments Anywhere in the World

Delays and non-payments can severely impact your cash flow and business performance. One in four bankruptcies are due to unpaid debt, and a single major debtor can weigh heavily on your business transactions… and even threaten your company’s survival.

• Efficient Debt Recovery

As a leading provider of credit insurance, Coface's debt collection services significantly enhance the likelihood of reclaiming your funds. We streamline the process, freeing you to concentrate on expanding your enterprise.

• Pay Only for Successful Recoveries

Reduce your expenses! With Coface's commercial debt collection solution, you're charged a commission solely on the amounts recovered.

• Recover Worldwide

Reclaim your trade receivables regardless of your debtors' location, even if they reside outside Hong Kong. Through Coface's international debt collection service, you have a single contact point irrespective of the debtor's country. At Coface, we empower you to take decisive action against debtors worldwide, offering expert guidance, anticipated outcomes, and access to a global network of legal professionals.

• Protect your Brand Image

Engage Coface's seasoned professionals to uphold positive business relationships with your clients, enabling you to pursue business growth while we advocate on your behalf.

Please see our Hong Kong website at www.coface.com.hk/debt-collection

For Business Information Services - Hotline Number Available  +852 55019376