Coface has launched a new analytical tool to help multinational companies view and manage their trade risks.

Coface Global Solutions (CGS) will offer multinational companies personalised solutions to manage and secure their trade receivables. It will also allow them to optimise their cash flows, manage their balance sheets, and secure their commercial risks.

Corine Troncy, Coface’s group commercial director, says: “More than 18,000 companies worldwide with turnovers exceeding €500mn not only need credit insurance contracts, but also related services in the countries in which they operate.”

The platform will give multinational companies access to Coface’s international network of 66 countries. Additionally, Coface’s global database will be made available to companies who sign up to the new offering, which will give them information on 68 million debtors and 350 risk underwriters, Coface says.