In January there is usually a spike in the number of retail business insolvencies. Credit insurance can help retailers avoid going out of business by protecting their cash flow.
In January there is usually a spike in the number of retail business insolvencies. It’s important retailers think about what trading is going to be like in the lead up to Christmas and review labour budgets and sales forecasts. Mark Hoppe, Managing Director of Atradius ANZ, explains how credit insurance can help retailers avoid going out of business by protecting their cash flow.
“Taking out a trade credit insurance policy protects the business from customers that pay late or don’t pay at all and can also lower the cost of borrowing. Insured companies tend to practice safer trade because they have access to up to date information on their trading partners.”
Read the article on the Inside Small Business website:
Atradius provides trade credit insurance, surety and collections services worldwide through a strategic presence in 50 countries. Atradius has access to credit information on 200 million companies worldwide. Its credit insurance, bonding and collections products help protect companies throughout the world from payment risks associated with selling products and services on trade credit. Atradius forms part of Grupo Catalana Occidente (GCO.MC), one of the leading insurers in Spain and worldwide in credit insurance.
For Further Information:
Atradius Corporate Communications Oceania
Tel.: +61 2 9201 5769