Coface Serbia eKapija's partner in the "Aurea 2014" project
Credit insurance company Coface Serbia is eKapija’s strategic partner in the “Aurea 2014” project.
For the sixth year in a row, at the end of March, the business portal eKapija will award the Aurea Investment of the Year Award. Eligible to apply to the public competition for the award are companies that in the past year implemented a project that meets three criteria: innovation, social benefit and financial potential.
- From its very foundation, Coface Group has been contributing to the success and growth of companies. By participating in this very important project in these turbulent times, our desire is to incite awareness of our economy, stimulate the growth of our business environment, and to emphasize that the importance of quality and innovation are essential for doing business not only in domestic market but also towards the orientation of exporting goods and services to foreign countries. As a multinational company that supports such projects around the world, we are extremely pleased that we are part of the team that is participating in the “Aurea 2014” award ceremony for investment of the year - said Đorđe Živanović, managing director of Coface in Belgrade.
For nearly 70 years, Coface has been one of the biggest players in the credit insurance market. It contributes to the development of 35,000 companies worldwide, to help and advise in all stages of development in order to prevent and minimize risks. This is possible thanks to 4,400 employees in 66 countries within the Group as well as offices in over 200 countries. Coface is a leading provider of business information and debt management services in Central and Eastern Europe, a region that has a marked growth potential.
The main task, according to the company, is the protection of enterprises - from small and medium-sized to multinational companies - from unpaid invoices that can jeopardize their business. They designed a series of credit insurance solutions covering four key demands expressed by export companies: insurance of their sales, financing their development, covering risks on a case-by-case basis and market assessment.
The company has had its representative office in Serbia since 2007.
The Business Credit Reports that the company offers in our market, allow users to access an online database containing over 12 million enterprises in Central and Eastern Europe, reports that include creditworthiness assessment, billing information, and the maximum recommended credit limits, annual audit of 4.2 million complete sets of financial statements (350 million individual financial statements), information regarding the insolvency of more than 570 million companies in the countries of Central and Eastern Europe, with 85,000 cases of debt collection that are included in the database every year.
The debt collection services of Coface Serbia provide technical assistance based on many years of experience with both domestic and foreign creditors and debtors.
The experts in Serbia work with the help of the online debt collection database (DCON) and the latest information from Coface’s database (ICON), which includes more than 12 million companies from Central and Eastern Europe.
The company helps reduce risk, increase liquidity, improve cash flow and increase return on equity and thus provides its clients with a better credit rating.
