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Credit Insurance

Credit insurance provides protection against financial loss due to default of debtors. This can be a cost effective tool to manage credit risk if it is structured correctly.

There is a perception that credit insurance is expensive. In reality it is never as expensive as losing one or two of your largest debtors due to bad debt. A policy needs to be structured correctly to ensure that it provides protection against material bad debt, whilst still being cost effective.

At Cinque we pride ourselves in providing clients with a tailored risk mitigation programme; this extends beyond traditional credit insurance policies to include risk transfer and structured self-insurance.

If you analyse a debtors book based on size, industry, diversity and historic bad debts, some books are better suited to self-insurance than traditional credit insurance. Self-insurance can be structured to mirror a traditional credit insurance policy, but with all the premiums accruing to the policy holder in the event of no bad debts. We have structured many self-insurance programs, most with a combination of self-insurance and traditional credit insurance.

Our in-country insurance solutions ensure that clients throughout Sub-Saharan Africa have access to our innovative services.

Interested in Credit Insurance? CONTACT US

Credit insurance provides protection against financial loss due to default of debtors. This can be a cost effective tool to manage credit risk if it is structured correctly.

There is a perception that credit insurance is expensive. In reality it is never as expensive as losing one or two of your largest debtors due to bad debt. A policy needs to be structured correctly to ensure that it provides protection against material bad debt, whilst still being cost effective.

At Cinque we pride ourselves in providing clients with a tailored risk mitigation programme; this extends beyond traditional credit insurance policies to include risk transfer and structured self-insurance.

If you analyse a debtors book based on size, industry, diversity and historic bad debts, some books are better suited to self-insurance than traditional credit insurance. Self-insurance can be structured to mirror a traditional credit insurance policy, but with all the premiums accruing to the policy holder in the event of no bad debts. We have structured many self-insurance programs, most with a combination of self-insurance and traditional credit insurance.

Our in-country insurance solutions ensure that clients throughout Sub-Saharan Africa have access to our innovative services.

Interested in Credit Insurance? CONTACT US

Credit Insurance

Credit Assessment

Credit assessments are an integral part of an effective credit management solution and our unique web-based interface allows each assessment to be customised to fit our client’s industry, appetite for risk, and cost structures.

At Cinque we go beyond traditional credit vetting standards through our access to accurate trade data, client tailored scorecards, in-depth credit reports and consultation with experienced credit managers.

Many of the components which make up a comprehensive credit assessment have become commoditised, e.g. bank codes, CIPC data and judgements or adverse information. Being commoditised it should cost very little and be available almost instantaneously.

A truer reflection of a business’s ability to pay is the most recent payment trend on how that business has been paying its creditors. Through the extent of our market coverage, we have access to a large amount of trade data on a monthly basis.

We incorporate this into our credit assessments to greatly enhance the usability of our reports in decision making.

Interested in Credit Assessment? CONTACT US

Credit Assessment

Credit assessments are an integral part of an effective credit management solution and our unique web-based interface allows each assessment to be customised to fit our client’s industry, appetite for risk, and cost structures.

At Cinque we go beyond traditional credit vetting standards through our access to accurate trade data, client tailored scorecards, in-depth credit reports and consultation with experienced credit managers.

Many of the components which make up a comprehensive credit assessment have become commoditised, e.g. bank codes, CIPC data and judgements or adverse information. Being commoditised it should cost very little and be available almost instantaneously.

A truer reflection of a business’s ability to pay is the most recent payment trend on how that business has been paying its creditors. Through the extent of our market coverage, we have access to a large amount of trade data on a monthly basis.

We incorporate this into our credit assessments to greatly enhance the usability of our reports in decision making.

Interested in Credit Assessment? CONTACT US

Pre-Legal Collections

Cinque is a registered provider with the Council for Debt Collectors and offers an in-house pre-legal collection service on a no-success, no-fee basis.

Key to the success of our arrear collections is the management of the collection process from pre-legal through to the legal stages. Our web-based interface allows clients to track the progress on each collection matter and obtain updates at a click of a button.

Cinque understands the importance of good partnerships and that is why we have a panel of expert attorneys to assist in legal collections both locally and throughout Sub-Saharan Africa.

Interested in Pre-Legal Collections? CONTACT US

Cinque is a registered provider with the Council for Debt Collectors and offers an in-house pre-legal collection service on a no-success, no-fee basis.

Key to the success of our arrear collections is the management of the collection process from pre-legal through to the legal stages. Our web-based interface allows clients to track the progress on each collection matter and obtain updates at a click of a button.

Cinque understands the importance of good partnerships and that is why we have a panel of expert attorneys to assist in legal collections both locally and throughout Sub-Saharan Africa.

Interested in Pre-Legal Collections? CONTACT US

Pre-Legal Collections

Credit Risk Management

At Cinque we aim to mitigate risk whilst enabling growth within an ever-changing credit risk management environment.

At Cinque we realise that all companies are different, and that the risks associated with businesses differ vastly. This is why we pride ourselves in our non-traditional approach to providing our clients with the best credit risk management solutions for their businesses.

Interested in Credit Risk Management? CONTACT US

Credit Risk Management

At Cinque we aim to mitigate risk whilst enabling growth within an ever-changing credit risk management environment.

At Cinque we realise that all companies are different, and that the risks associated with businesses differ vastly. This is why we pride ourselves in our non-traditional approach to providing our clients with the best credit risk management solutions for their businesses.

Interested in Credit Risk Management? CONTACT US

Credit Consulting

The ultimate aim of debtor management is to reduce the investment in working capital without restricting sales growth. This is typically measured through the “Day Sales Outstanding” (DSO) indicator.

While DSOs are generally easy to measure, Cinque understands that there are various underlying factors which influence them. Our team of experts will provide clients with a framework of suitable Key Performance Indicators to monitor all factors which contribute to DSOs.

Understanding our clients business, the industry it operates in and the nature of its client base is key to a holistic approach to debtor management and credit consulting.

Interested in Credit Consulting? CONTACT US

The ultimate aim of debtor management is to reduce the investment in working capital without restricting sales growth. This is typically measured through the “Day Sales Outstanding” (DSO) indicator.

While DSOs are generally easy to measure, Cinque understands that there are various underlying factors which influence them. Our team of experts will provide clients with a framework of suitable Key Performance Indicators to monitor all factors which contribute to DSOs.

Understanding our clients business, the industry it operates in and the nature of its client base is key to a holistic approach to debtor management and credit consulting.

Interested in Credit Consulting? CONTACT US

Credit Consulting

Document Review

Regulations governing the relationship between buyer and seller are becoming increasingly complex as we face legislation such as the National Consumer Act and the proposed Protection of Personal Information Bill.

Non-compliance with legislation can have serious financial consequences including voiding sales contracts and significant fines.

To help clients negotiate the legislative red tape, Cinque has a range of experts to provide our clients with regular document reviews and a full set of credit agreements which comply with applicable legislation. What is unique, is that at Cinque, client documentation is constantly updated to as new legislation and case law is released at no additional fees to our clients.

Interested in Document Review? CONTACT US

Document Review

Regulations governing the relationship between buyer and seller are becoming increasingly complex as we face legislation such as the National Consumer Act and the proposed Protection of Personal Information Bill.

Non-compliance with legislation can have serious financial consequences including voiding sales contracts and significant fines.

To help clients negotiate the legislative red tape, Cinque has a range of experts to provide our clients with regular document reviews and a full set of credit agreements which comply with applicable legislation. What is unique, is that at Cinque, client documentation is constantly updated to as new legislation and case law is released at no additional fees to our clients.

Interested in Document Review? CONTACT US

Risk Finance

There are various ways in which businesses can provide for bad debt – both in conjunction with credit insurance or fully self-insured. The provision could be retained on or off balance sheet depending on shareholder’s objectives. We can structure any risk finance solution depending on requirements.

Interested in Risk Finance? CONTACT US

There are various ways in which businesses can provide for bad debt – both in conjunction with credit insurance or fully self-insured. The provision could be retained on or off balance sheet depending on shareholder’s objectives. We can structure any risk finance solution depending on requirements.

Interested in Risk Finance? CONTACT US

Risk Finance