Coface launches Policy Master – Customized service tool enables more efficient credit insurance management
Complementary and fully interfaced with CofaNet Essentials, Policy Master has been designed to simplify clients' daily management of credit insurance cover and making this more reliable. The online service offers companies a secured and optimised administration of their policies by reducing operational risk.
Policy Master optimizes the client´s policy.
CofaNet Policy Master provides the customer with a real vision of his exposure to buyer-related risks. The tool evaluates the actual outstanding amount per buyer from accounting data and compares it to the amount granted by Coface. Alerts notify the client when any set limits are exceeded or to inform the company of approaching deadlines for the declaration of overdue accounts. The company can then better understand the trade risk and increase its longevity by concentrating on solvent and robust buyers.
Coface designed this service tool to organise credit insurance more efficiently. Reliability and safety for the contract management are the crucial criteria:
- Due to the alert system, the service tool reduces the risk of mismanaging the policy: It assists to optimize coverage and avoids missing deadlines as well as potentially costly mistakes.
- The reporting system with its outstanding and cover analysis improves the contract management and allows quick regulations of unused limits.
- Policy Master is a secure online tool which handles the accounting information fully confidential.
"Credit insurance is thanks to a new online supplement to policy management, Policy Master clearer and eliminates possible human failures at claims notifications or when determining the necessity of insurance cover", assesses the contribution of innovations in credit management Martin Růžička, Country Manager Coface Czech.
 CofaNet: online platform for managing Coface credit insurance policies