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Coface in UAE Supports Trade Credit Growth with Expanded Dept Collection Services
As businesses expand globally, effective risk management tools become crucial to protect against potential losses due to unpaid invoices. Coface, a global leading player in Trade Credit Risk Management, helps companies grow and navigate an uncertain and volatile environment. Whatever their size, location, or sector, Coface provides 100,000 clients across some 200 markets with a full range of solutions: Trade Credit Insurance, Business Information and Debt Collection.
Coface Expands with Debt Collection Services
In response to the growing need for reliable credit management, Coface in the UAE launched a debt collection service in 2024 to support clients in securing outstanding payments efficiently. Leveraging its extensive global network, Coface provides expert, professional debt recovery solutions that align with local practices and regulations, ensuring compliance while optimizing collection success. Coface’s collection services are structured to enhance cash flow and preserve business relationships, which are essential for maintaining a strong market presence.
Debt Collection Services: How It Works
Coface’s debt collection services cater to companies facing payment delays from clients. By outsourcing their debt recovery to Coface Debt Collection Services, businesses can focus on core operations while Coface manages the complexities of debt collection for them. The process starts with a detailed assessment of each case, followed by a strategic plan for recovery tailored to the unique circumstances. From friendly reminders to legal actions, when necessary, Coface employs a comprehensive approach to maximize recovery rates.
Supporting Business Growth Through Financial Security
Debt collection is one aspect of Coface’s broader suite of solutions, which includes Trade Credit Insurance, Risk Analysis, and Business Information reports. These offerings work together to protect businesses against credit risks while providing insights for strategic decision-making and growth. By offering efficient, compliant debt recovery solutions, Coface helps companies maintain liquidity, secure revenue, and achieve sustainable growth. Through its commitment to innovation and excellence, Coface empowers businesses to navigate global trade confidently.
With Coface and its network of trusted Debt Collection Partners, safeguard your position as the most protected creditor, while maintaining peace of mind as a supplier, knowing that your debt recovery is efficiently managed through our expert partners.
COFACE: FOR TRADE
As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate an uncertain and volatile environment.
Whatever their size, location, or sector, Coface provides 100,000 clients across some 200 markets with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk Insurance, Surety Bonds, and Factoring.
Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
In 2023, Coface employed more than 4,900 people and recorded a turnover of approximately €1.87 billion.
