Caught up in an extended decline in the lumber industry sparked by the Great Recession, Specialty Forest Products suffered a significant customer loss and bad debt increase. Trade credit insurance helped jumpstart its recovery.
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.
A customized trade credit insurance solution helped Ardwin Freight significantly increase customer credit limits and stimulate sales. Read the full case study.
In the often volatile apparel industry, a steady cash flow and proactive risk strategy are imperative for successful growth. On the advice of Marcum LLP, CP Shades implemented credit insurance as a comprehensive solution to mitigate risk and strategically grow sales.
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.
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.
Faced with the often unpredictable business challenges presented by globalization, changing consumer behavior, and key demographic shifts, Del Campo Premium, Inc. added credit insurance to its risk management strategy to proactively mitigate risk as it grows its top line.
Utah Metal Works realized its strategy of using a bad debt reserve to self-insure was becoming increasingly inefficient and left the company vulnerable to catastrophic losses. Credit insurance provided the company the protection it needed.
A multinational corporation with global operations leveraged credit insurance to create its own credit risk management process that uses intelligence to forecast risks and potential customer defaults.
International Fleet Sales realized future success would depend on its ability to reduce concentration risk. A flexible credit insurance policy supported the company’s unique business structure while also sharpening its competitive edge.
Serving the needs of startup and enterprise companies presented Vision Business Products with tough credit limit decisions on a regular basis – leaving the company to hold down limits for fear of default. Signing a credit insurance policy with Euler Hermes gave the company the confidence it needed to offer the right limits and to grow safely.
Mircom discovers the true value of credit insurance goes well beyond claims coverage, even with challenges like credit risk.
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.
By offering member companies a credit insurance policy, The Staffing Edge was able to avoid loss and secure their accounts receivable.
Accounts Receivable Protection is important when businesses are looking to grow. Learn how Euler Hermes helped KEEN extend terms to retail partners with protection from Euler Hermes.
Innovative logistics provider OTR Transportation learns that credit insurance does more than protect A/R. They learn to protect themselves from bad debt and strengthen business partnerships.