Coface North America
Business Type:
Financial Services
Member Since: Jan 15, 2008
1350 Broadway
New York,
New York,
10018
212-560-0419
Website:
http://www.coface-usa.com
Contact:
Mike DePadova
Annual Revenue:
Above $2.5 million
Business Owner:
No
Tag Line:
Helping companies grow, safely
A few words about me and my business:
Coface North America helps companies -- of all sizes, in all industries -- minimize the risk of trading on credit. Our four main areas of business are credit insurance, accounts receivable financing (factoring), credit reporting and collections services. Coface North America is a unit of the Coface Group, a world leader in trade-risk management, serving 85,000 clients in 93 countries worldwide. Leveraging 60 years of experience and a database of 50 million companies, Coface sets the global standard in assessing creditworthiness and protecting companies worldwide against the risk of non-payment. A credit insurance policy covers your domestic and / or export accounts receivable against bad debt, in short, it pays you when your customers can’t. Shifting the risk to Coface allows you to extend more credit to more customers. More credit means more sales. Factoring is the purchasing of receivables arising from deliveries of goods and services. You receive immediate cash for accounts receivable instead of waiting 30, 60 or even 90 days. It is like your clients are on COD (Cash on Delivery) basis. You enjoy the increased cash flow, while we provide credit, collection expertise and services, freeing you to concentrate on your core business. Credit Reporting Services - Our approach to collecting and evaluating company information ensures that you receive up-to-date, reliable information. Coface reports are competitively priced and we offer flexible service plans to meet your needs. Collection - Commercial Debt Recovery Late payment of accounts receivable can be a significant problem, negatively impacting your cash flow and balance sheet. It also means countless hours spent chasing down delinquencies. That’s time better spent growing your business. Our certified commercial collectors are professionals in the handling of commercial collections, bankruptcies and legal collection cases. They file proof of claims, manage the legal processes, and negotiate repayment solutions. Because each case is unique, the collectors use a proprietary database of financial information and other business intelligence to plan a strategy for resolving each case.