Innovative receivables management: securing corporate values, recognizing opportunities
Uncertainty regarding the solvency and willingness to pay of customers and trading partners often constitutes a barrier to trade and can significantly reduce a company's earnings potential. In the case of pronounced or unavoidable concentrations in the customer portfolio, a payment default can, under certain circumstances, pose an existential threat. A range of instruments with a variety of options is available to hedge this risk.
Just as important as hedging is risk management, which sometimes involves taking calculated risks. Valuable information about a customer is always a prerequisite for making an informed business decision—and large credit insurers have the most comprehensive databases of company information and expertise in evaluating it worldwide.
The market for hedging and risk management instruments is complex and opaque, which makes it difficult for companies to optimize their credit management.
Funk Credit Broker: Individual concepts for structuring your accounts receivable management
With Funk Credit Broker, you have access to specialists who provide you with individual advice and support in all aspects of credit management:
analysis phase
In this phase and for the duration of your credit insurance agreement, we are available to you for in-house training. If practical, we coordinate joint meetings with your insurer such as face to face reviews of credit limit decisions and their backgrounds.
design phase
Then we create transparency for you in terms of protection options. Our expertise allows us to incorporate solutions that insurers do not offer off-hand, i.e. without targeted negotiation. Our years of experience make us the best partner to rely on to design the terms and conditions points and negotiate an optimal solution for you.
implementation phase
First, we analyse the current situation and identify points that could be improved and/or problem areas.
Credit insurance
- Whole Turnover Credit Insurance
- International Programs
- Capital Goods Credit Insurance
- Individual cover
- Top-up cover
Supplementary services
- Debt collection
- Rating services
- IT-supported accounts receivable management
Credit management consulting
- Reduction of uninsured bad debt losses
- Reduction of costs for securing receivables
- Training for employees, e.g., contractual obligations – securing compensation claims
Funk Credit
Specialties
- Unfair calling of guarantees
- Hedging political risks
- ABS credit enhancement
Factoring
- ABS
- Forfaiting
- Reverse factoring
Guarantees
- Bid bonds
- Advance payment guarantees
- Contract performance bonds
- Warranty bonds
- Customs bonds
- Decommissioning bonds for solar/wind energy plants
Accounts receivable management
Credit insurance
You can also rely on competent, reliable support in all matters relating to credit management at an international level: we work with the global Astreos network, whose credit specialists support your subsidiaries and branches directly on site and in the local language.
Receivables financing
- Factoring
- Forfaiting
- Asset-backed financing/ABS
With tailor-made concepts for receivables financing, we enable you to expand your financial scope:
- Expanding your financial flexibility
- Enabling growth
- Release of collateral
- Reducing dependence on banks
- Financing seasonal peaks
- Support in turnaround situations
- Improvement of balance sheet ratios
Working capital management
- Reverse factoring
- Finetrading
We design customized, bank-independent solutions that allow you to expand your financial leeway in cooperation with your suppliers and improve your balance sheet ratios.
Guarantees
Deposit insurance
We provide you with expert support in obtaining and optimizing guarantee facilities, allowing you to concentrate fully on the successful implementation of your projects.
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