CCR World Magazine


You are here  :Home arrow News arrow Coface pursues its strategy of innovation, expanding its CofaNet online offer
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Coface pursues its strategy of innovation, expanding its CofaNet online offer Print E-mail
Wednesday, 19 November 2014

With the two complementary offers of Policy Master and Cash Master, Coface facilitates credit management teams’ risk management and access to financing.

Complementary to and fully interfaced with CofaNet, Coface’s online policy management platform, Policy Master and Cash Master have been designed to simplify clients' daily management of their credit insurance cover, and make this more reliable. The services offered online help clients to secure and optimise management of their policies by reducing operational risk. Clients gain credibility, in particular with their financier and so can obtain better financing conditions.

CofaNet Policy Master provides the client with a real vision of its exposure to buyer related risks. The tool evaluates the actual outstanding amount per buyer from accounting data and compares it to the amount granted by Coface. Appropriate actions are then suggested to the client, such as preparation of the turnover declaration and alerts to notify the client of when any set credit limits are exceeded or to inform the client of approaching deadlines for the declaration of overdue accounts. The client can then better understand the trade risk and grow by concentrating on solvent and robust buyers.

CofaNet Cash Master supplements this first module. Thanks to a secured certificate of cover generated by Cash Master, the client’s financial partners receive accurate information on the quality of buyers and the breakdown of covered invoices. Optimised cover, combined with fully reliable management of the credit insurance policy, is a very sound basis for seeking financing.

As both tools are designed and hosted by Coface, the accounting information provided by  corporate clients remains fully confidential.

Frédéric Bourgeois, Managing Director Coface UK & Ireland, said: “These innovative tools will provide our clients with a reliable, secure platform to assist their daily credit management, and bring a great deal of comfort to their funding partners, hence supporting the wider economy.”

(Source - Coface Press Release)


 

 

The CCR World App

 

Read CCR World as an App on your iPad or iPhone.
Simply click on this link (opens iTunes as an external link) to see the CCR World iTunes Preview and download to receive a free two-week trial or go to iTunes or the App Store and search for "CCR World".

CCR Magazine


Want to know more about the UK credit scene? Then take a look at our sister magazine, CCR, the leading UK publication for senior credit industry executives.

Find out more

CCR World newswire

Sign up to our E-Newsletter and E-Alerts.

subscribe

Read The Magazine - FREE ONLINE!

CCR World is the premier magazine for consumer and commercial credit professionals. It provides an independent voice to the global industry, breaking news stories and running in-depth features.

It is FREE to read online, so click here to read the current edition online.

(If you have not registered already, you will just need to do so to read all the news and analysis).

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197