As Ronald A. Chisholm Limited conducted its regular business of shipping meat around the world, a completely unprecedented, international situation occurred — with the potential to have major financial ramifications. With a political risk credit insurance policy from Euler Hermes, they were able to protect against the unexpected and had relief when large invoices went unpaid.
Faced with regular market fluctuations, lumber companies need to be particularly vigilant about the potential risks within their client bases. As the foundation of its proactive risk management approach, Weston Forest Products uses credit insurance to accurately monitor its customers’ financial health and protect its business against bad debt.
Hadco Metal Trading Company was missing out on growth opportunities because of its inefficient credit management process. With a custom credit management solution, Hadco has been able to provide more credit to customers, increase efficiency, and take more market share from their competitors.
Managing international business risks and checking customers’ credit became a hassle and slowed Fall Creek’s operations. By leveraging credit insurance and a more effective and faster credit management process, Fall Creek has been able to expand its market share around the world.
Genetec has enjoyed strong demand for its products and services domestically. If they wish to expand into foreign markets, they must learn to manage the company’s continued growth in a smart and sustainable way. Read how Genetec used credit insurance to expand globally.
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