Entrepreneurs typically prioritize their own business operations, and we fully recognize this. Therefore, our commerce credit insurance solutions are designed to protect your company. You can rest easy knowing that you will not have to worry about the potential non-payment of significant invoices. Our Insurance provides you with payment assurance, alleviating numerous concerns and allowing you to concentrate on what truly matters to you. While Welcap Insurance cannot guarantee the absence of payment defaults, we are here to bear the repercussions on your behalf.
Why check the financial health of your customers?
- A significant outstanding invoice can threaten the expansion of your business and may ultimately result in insolvency.
- It is regrettable that even a trustworthy business associate may encounter financial challenges.
- It is crucial to assess your understanding of your new customers. Are they truly as financially secure as they appear? Consequently, it is imperative to evaluate the creditworthiness of each of your customers.
- Finally, you want your customers to pay your invoices.
Get your free credit check now!
For a limited time only, you can get an overview of the creditworthiness of 3 of your customers or prospects. This allows you to better gauge whether these customers are able to pay your invoices. Fill in the form and receive the results in your mailbox.
Important! This check is not intended for a credit check on your own company.
How to check the financial health of your customers?
What factors define the creditworthiness of a company?
Solvency
The solvency ratio indicates whether a company is able to meet its short- and long-term payments and refunds. The solvency ratio calculates how much of the total capital is debt and how much is equity. The higher the share of equity, the better the solvency of a company.
Cash
Our risk analysts check whether a company has sufficient liquidity to refund short-term debts. When a business has many suppliers with long-term payment terms, or when it has no cash resources, the continuity of this company is seriously compromised. If a supplier demands payment of a debt, the company can’t afford it. This has a negative effect on the solvency of a company.
Turnover and profit
We also take this information into account when defining the creditworthiness of a company. The more profit there is, the better the solvency of company.
How solvent are your customers?
With this creditworthiness check you get a risk assessment of 3 customers or prospects. This allows you to better assess whether these customers will pay your invoices now and in the future.