Advanced Payment Protection

Peace of mind when you pay in advance for goods or services

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What is Advanced Payment Protection?

 

When you enter new markets, you may find it necessary to pay in advance. Do you know what happens if you had to pay but the goods and services were then not delivered?

Are you be sure your payment would be returned?

Advance Payment Protection has been designed to give you confidence when making deposits or up-front payments, that you will get your money back.

How does it work?

Identify the risk
Select all your suppliers who require payment in advance.


Credit limit calculated

We calculate a credit limit for each supplier which is the maximum value we will indemnify if payment is not made.


Make advance payment

Follow the terms of the contract and monitor the supplier, tracking due dates for delivery of goods and services.

 

Identify the loss
Request a refund of advance payment when goods or services are not delivered.



Make a claim

Provide us with the details if the supplier refuses and fails to refund the advance. If we cannot recover the debt we will indemnify your loss.

MANAGE RISK

Avoid damage to your cash flow when a supplier fails to deliver goods and services and does not return your advance payment. Political and commercial risks are covered.

REDUCE COSTS

Gain access to improved finance terms. Open up relationships with new suppliers and negotiate discounts for advance payment.

ATTRACT CUSTOMERS

Give confidence to your customers. Demonstrate that your supply chain is under control and financial risks are well managed.

To find out more about our services get in touch with us today

Get a free quote Call us: 0800 056 5452

When you enter new markets you may find it necessary to make payments in advance. For some market sectors, such as construction, advance payment to suppliers is essential. But if the supplier becomes insolvent or other hazards prevent fulfilment of the contract you may lose the payment. You can safeguard your business from these risks when you are targeting major contracts and working with new suppliers by using our advance payment protection services.

We provide payment protection solutions that allow you to bid for large projects with more confidence and to complete them without losses. We also provide credit insurance to manage the risk of late or non-payment by your customers.