Debt collection

Limit your losses

Four good reasons to use Coface’s debt collection services:

Optimised risk management
Valuable support for challenging times
The possibility of maintaining a good relationship with your debtor and therefore the possibility of renewed business volume in the future
Access to local enforcement facilities

Debt collectionis an essential facet of therisk managementthat Coface offers its clients.

This activity requires a high level of legal expertiseand a global talent network, which Coface has both through its own resources as well as those of its Coface Partners network.

Our clients have access to ourdebt collection servicesfor both their insured and uninsured invoices.

Delivering a valuable solution…

An exporter of electrical equipment for the trade has to contend with non-payment by a foreign reseller. Unfamiliar with local rules and practices, the company’s legal advisors and chief financial officer are not sure which course to pursue.

The company calls on Coface, which has had an office in the country where the debtor operates. The Coface team contacts the reseller. Given the latter’s difficulties, they reach an amicable agreement and come up with a solution consisting of a ten-month repayment plan.

At the end of this period and backed by a study commissioned with Coface, the exporter decides to continue the relationship with this reseller. Since then, the reseller has been a reliable partner.