Preparing retail business for January pressure

Atradius news

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:
https://insidesmallbusiness.com.au/planning-management/why-retail-suppliers-should-consider-credit-insurance    

 

About Atradius

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.

 

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For Further Information:

Atradius Corporate Communications Oceania

Gabrielle Weiss

Tel.: +61 2 9201 5769

E-mail: gabrielle.weiss@atradius.com

www.atradius.com.au

Disclaimer

The statements made herein are provided solely for general informational purposes and should not be relied upon for any purpose. Please refer to the actual policy or the relevant product or services agreement for the governing terms. Nothing herein should be construed to create any right, obligation, advice or responsibility on the part of Atradius, including any obligation to conduct due diligence of buyers or on your behalf. If Atradius does conduct due diligence on any buyer it is for its own underwriting purposes and not for the benefit of the insured or any other person. Additionally, in no event shall Atradius and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental, or consequential damages arising out of the use of the statements made information herein.