How Can Credit Solutions Help Your Business?
Credit solutions, including trade credit insurance, political risk insurance and surety services are critical tools for companies developing sustainable growth strategies. They also provide businesses with a more flexible and efficient way to secure financing. Importantly, a well-designed credit strategy creates economically attractive options for your lenders as well.
When organizations and their banking partners take co-ownership of securing and protecting working capital, all parties benefit, relationships strengthen, and businesses can grow even as inflation continues to be a concern and the cost of capital increases.
Why are Credit Solutions Critical in Today’s Market?
All organizations face growing economic headwinds as new forms of volatility, including climate change, pandemics, geo-political conflict, and supply chain disruption, impede business operations and change consumer and employee expectations. As a result, leaders face challenges such as:
Rising non-payment, liquidity, and investment risks against a backdrop of inflation
Changes in company purchasing and payment behaviour, along with rapidly changing buyer expectations
Evolving regulatory and solvency requirements for banks, affecting lending strategies and capacities
Need to ensure financial strength and sustainability through the protection of assets
Shifting international trade dynamics because of social and political unrest, terrorism, and war
Continuous need to identify and secure new growth areas in a sustainable and consistent manner
At the same time, today’s market conditions present leaders with exciting opportunities to take bold and transformative action. Actions which often require injections of capital to secure an edge over competitors.
Credit solutions allow business to address the challenges cited above without necessarily increasing debt levels or utilising existing banking lines, which in turn provides leaders with added flexibility to drive growth.
How Aon Can Help
Combining credit insurance, political risk insurance and surety services, we deliver comprehensive credit solutions to help clients secure receivables, unlock capital and grow trade. We also leverage a global Chief Broking Officer (CBO) model and a 360-degree working capital approach to maximize flexibility for clients.
Furthermore, given the large and diverse client base we serve, across tens of countries, we have access to a wealth of data and insights to make better credit insurance decisions. We use this information to help clients boost their protection against credit risk in a cost-effective manner.
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To learn more about how credit solutions can help your business, contact our team.