Information
Accurate information on existing and potential customers and markets is provided promptly via your CIFS Link. In addition to the insured credit limits and countries, additional information is available via the CIFS web site including access to status reports, country reports and worldwide information via the Reuters' network.
Marketing
Marketing strategies are enhanced as the information available means slow payers can be avoided and profitable sales increased as efforts are directed to safe customers and new markets are entered with confidence.
Reduced collection times
Late payers are often prompted to pay outstanding debts more quickly if they are aware that a credit insurer will be advised should invoices remain unpaid. Average collection times improve particularly where the CIFS collection service is used. Advice is also available regarding insolvencies and recoveries in conjunction with our strategic insolvency advisory partner.
Improve your own credit rating
Your own credit rating may be enhanced as bankers, suppliers and business partners recognise the security that the policy provides.
Reduce your cost of finance
Financial availability and cost is improved by using the policy as collateral and security. Rates on discounting bills of exchange may be improved by assigning the benefits of a policy to the bank or discount house.