French lighting designer, Corep, uses credit insurance to maximise opportunities for growth and enable favourable factoring terms to secure cash flow.
European leaders in the lampshade market, Corep, has been a designer and manufacturer of decorative lighting for more than 50 years.
In this testimonial the lighting manufacturer describes how its complex supply chain, including a large number of imports from Asia, means their operation often requires finance in advance. To enable cash flow, Corep uses credit insurance to cover their diversified customer base and to secure factoring contracts. With strong cash flow and insured receivables, the brand is able to offer attractive credit terms to its customers and is now exploring business development opportunities in new countries.