Oiling The Wheels of Credit

Credit insurance works like oil passing through the credit management engine. It touches all stages of the process and helps each part run more smoothly and effectively.

1 Credit vetting. Perhaps the most significant value of a credit insurance policy is the credit-limit decisions given up front. By advising where and with whom it is safe to trade, through credit limits you can use the extensive knowledge and expertise of the credit insurer to inform your trading and credit management policy.

2 Terms and conditions. A credit insurance policy is there to help you trade safely and profitably and this can include help with advice on the wording of your terms and conditions.

3 Collections. An Atradius credit insurance policy includes debt collection as a feature, so we’ll do all the donkey work if payments are late—although, typically, credit insurance practices encourage prompter  payments.

4 Feedback.We’ll give your sales teams vital information, including sector and country reports, to help them sell more effectively. Credit insurance gives policyholders the stability to plan their future sales strategy, unhindered by the risks of bad debt.