n the current economic climate
all businesses large and small face the challenge of managing cash flow and the
risks associated with bad debts. No matter how well managed and how successful
a business may be, cash flow and profitability can be significantly impacted
should a major customer or a number of key customers fail to pay.
Trade Credit Insurance or
"debtor insurance" protects receivables against loss due to
insolvency or nonpayment. It ensures invoices will be paid no matter what.
Trade debtors both in Australia
and overseas can be insured with cover extending to insolvency, continued
nonpayment and political risks. Policies can also cover supplier default and
pre-delivery risk.
Trade Credit Insurance reduces
and protects you from the risk of nonpayment,
providing market intelligence from global underwriters on both customers and
prospects.
Trade Credit Insurance is not
only about indemnifying against losses but also about offering credit terms to
the right customers and enabling business growth.
Courtesy of 20Cube Logistics, our
partner Invoice Management Solutions (IMS) is offering a free "Health
Check" as follows:
- IMS & our panel
solicitors will review your Credit Application/Terms & Conditions (an
alarming number of businesses are still not covered under PPSA)
- IMS will review your
overall credit management (we often find deficiencies in this area/room
for improvement but are usually able to offer quick fixes/solutions)
- IMS will provide you
with a no obligation Trade Credit Insurance Report which will include
quotations from themmajor insurers. (If nothing else at least you will
be provided with an opinion from the insurers on their top
clients/potential buyers as to their credit worthiness)
For more information, please contact Mark
Lathwell, Managing Director of Invoice
Management Solutions on 0417 008
061.
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