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Coface has added to its credit management services in Ireland with the launch of
a flexible receivables finance facility designed to help companies maintain
their cash flow when trading both domestically and internationally.
Based in Dublin, Coface in Ireland provides credit management solutions to help
companies look after their largest asset – their sales ledger.
Coface’s receivables finance solutions include invoice discounting and
off-balance sheet financing, which provide cash against issued invoices.
Designed for all types of businesses, the receivables finance service is
particularly relevant for companies with a high concentration of export business
who more often experience slow payment from overseas customers and may require
specialist help.
When combining receivables finance with credit insurance, businesses benefit
from versatile financing and cash flow protection.
Xavier Denecker, Managing Director of Coface in the UK and Ireland stated:
“Receivables finance is economic cycle proof and thrives during any period of
change.
"With traditional financiers becoming increasingly risk averse in the current
economic climate, businesses can use receivables finance to free up cash flow
and seize the business opportunities available.
“In the current economic climate, trade credit is even more valuable –
businesses should grab the opportunity to use it to win business.
"Companies should review their credit management controls and look for ways of
protecting and enhancing their cash flow. Receivables Finance is a key way in
which businesses can mobilise their valuable working capital.”
Source: Credit
Control Journal
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