A SALE IS NOT A SALE UNTIL YOU GET PAID - TRADE CREDIT INSURANCE IS THE FIRST TRUE LINE OF DEFENSE TO PROTECT YOUR CASH FLOW.
Companies are failing, and in 2016/2017 we had some large companies go under across all industries, to name a few The Hanjin Crisis, Dick Smith, Arrium Mining and Materials, Hallmark Computers, Geelong Telephone Company, PC Range, Cullen Group Australia, Builton Corp Pty Ltd. .
While the reasons differ for the failure, the consequences for creditors are similar: in most cases it is unlikely that they will recover their outstanding debts.
ASK YOURSELF:
ARE YOU WORRIED ABOUT SOME OF YOUR CUSTOMERS FINANCIAL SITUATION?
HAVE YOU EXPERIENCED LATE PAYMENTS OR THE REQUEST TO CHANGE PAYMENT TERMS MID CONTRACT?
DO YOU HAVE AN INSIGHT INTO YOUR CUSTOMERS NET WORTH AND LIQUIDITY, THEIR SPREAD OF RISKS AND DEPENDENCY ON MAJOR CLIENTS?
FROM YOUR EXPERIENCE, WOULD YOU AGREE THAT CASH FLOW CAN MAKE OR BREAK A BUSINESS?