A cost-effective solution to prevent risk of non-payment
FOUR GOOD REASONS TO TAKE ADVANTAGE OF COFACE BUSINESS INFORMATION
- Extensive up-to-date information
- Straightforward information that is ready to use
- Multiple service options
- Among the best geographical coverage in the world
Non-payment risk prevention begins with gathering relevant and up-to-date information on buyers and their environment. The analysis of this information helps with decision-making.
Our business information services range from providing raw data, to providing recommendations on risk-taking.
In the context of risk management, we rely on a powerful global business information gathering and analysis network, who feed our databases in real time.
The information gathered and analysed is reproduced in several forms: reports, a summary indicator of single and global risk levels and various risk-taking recommendation tools. With our credit risk assessment services, you can manage your sales development efforts optimally.
DELIVERING A VALUABLE SOLUTION…
A German automotive supplier purchases precision parts from a number of Italian SMEs for the new hybrid injection engines of a leading auto manufacturer. Any failure on the part of its suppliers would jeopardise this key contract for its business.
Coface provides the automotive supplier with summarised and straightforward information on each of its suppliers, prepared by Coface’s experts in the form of reports that are updated several times each year.
On the strength of this information, the automotive supplier decides to review its portfolio of three suppliers. It agrees to higher volumes with two of them and scales back its contract with the third. According to the Coface report, the latter’s equity capital would have made it difficult to implement the capital expenditure needed in this sector in order to move up to the next technological level.
ZOOM ON ICON, OUR DIGITAL BUSINESS INFORMATION PLATFORM
iCON is a unique and global information platform that helps any company take better business decisions. With iCON you benefit from our experts'analysis and can lean on our opinion on your business partners, delivered in a range of products:
- Business Reports
- Credit Opinions