A shocking 25% of bankruptcies are attributed to unpaid invoices.
Unpaid invoices have a negative impact on cash flow which can interrupt the day-to-day general operations.
Outstanding revenue is enormous – that revenue could be working for you.
Do you know who your high-risk customers are?
If only you had a crystal ball.
What are your processes for identifying at-risk customers?
Preventing the churn before it strikes helps you forecast net revenue and create a plan for new customer acquisition.
Unpaid debts must be integrated into the management of your customer accounting.
Recover your unpaid invoices by utilising the debt collection services of insurers…
Collection of overdues can be challenging and expensive. With selective insurers, collections are included, or heavily subsidised meaning Insureds can benefit not only from the cost of collecting but also from the administration side, which is handled by the insurer.
Knowledge is key
An effective trade credit policy will not only help keep you above water when your customer goes under but can provide vital information on the stability of your customers.
A Trade Credit Insurance Policy is unlike other forms of insurance, it’s interactive, you can’t file it in a draw and only bring it out at renewal.
Help your business to continue to operate successfully despite the failure of payment from your debtors.
Trade Credit Insurance provides businesses with protection against failure and substantial delays in receiving payments. What may seem catastrophic at first is bearable with a policy structured to fit your business requirements.
Trade Credit Insurance provides businesses with protection against failure and substantial delays in receiving payments. What may seem catastrophic at first is bearable with a policy structured to fit your business requirements.
For any Trade Credit enquiries, contact one of our experienced brokers today.
