Negotiating payment terms when offering trade credit to customers can be difficult. Check out our late payment tips to protect your cash flow management!
What is credit protection and how does it affect you?
Credit protection is a vital strategy for companies to safeguard themselves against the risk of non-payment or default by their customers. In the GCC region, where market dynamics can shift rapidly, businesses concerned about the risk of default or non-payment can establish an agreement with companies such as Allianz Trade to provide comprehensive credit protection services. This means that even if the end customer defaults or becomes insolvent, the business is not left out of pocket.
What is financial risk and how can it be controlled
Financial risk refers to the possibility of losing money and is an inherent part of any business venture. Good financial risk management involves identifying potential risks, assessing how much risk can be absorbed, mitigating the identified risks, and controlling a variety of risks, using a range of different methods.
Late payment trends – and the action you can take to offset them
Businesses now have to wait 59 days on average to be paid for sold goods and services. What approaches can help them offset the impact of such sluggish payment practices?
Trade credit is a crucial tool in commercial operations, essential for protecting your cash flow. Opting for a trade credit insurance policy is paramount in effectively managing trade credit risk. However, selecting the right provider can be challenging. At Allianz Trade, we specialize in offering comprehensive trade credit insurance solutions tailored for businesses in the UAE and KSA.
Business cash flow management: understanding the basics
Poor cash flow management has been the downfall of many businesses, underscoring its critical importance and the need for proactive handling. Read the article to understand the basics of cash flow management.
“Accounts Receivable” (AR) refers to the money owed following a transaction in which the buyer has not paid for the goods or services they have received. Let us take a closer look at the definition of AR and its meaning in practice for small- and medium-sized businesses.
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