Our information services clients will now have access to the specialized retail industry expertise of Bernard Sands. Coface is dedicated to offering best-in-class trade credit insurance, information, and receivables services to our clients, and Smyth's excellent products are in line with our quality philosophy.
South Plainfield, NJ (PRWEB) September 2, 2009
Smyth Credit Services and its affiliate, Bernard Sands LLC, recently announced a marketing alliance whereby Coface Services North America, Inc. will distribute Bernard Sands' CreditPay retail industry credit reports to its credit information clients in the United States. The CreditPay solution includes data from Smyth's extensive RationalScore Virtual Credit Network, with more than 50 million supplier credit references on millions of buyers.
Bernard Sands' Retail Division is a nationally known trade credit advisory established in 1925, which evaluates and rates over 250,000 retailers. Both Bernard Sands LLC and Smyth Credit Services are affiliates of Smyth Solutions, a leader in the field of credit, collections and accounts receivable technology, information, and outsourcing.
The Coface Group is a worldwide leader in the trade credit insurance, information, receivables management, and factoring fields, serving over 100,000 clients in North America and throughout the world.
"We are very pleased to expand our strategic relationship with Coface," said John Metzger, Chairman of the Smyth Family of Companies. "It has been our pleasure to work with Coface and we are pleased with the success of our relationship. This agreement helps us to extend our high quality credit services to another level of important customers."
Michael J. Ferrante, CEO of Coface Services North America, Inc. stated, "Our information services clients will now have access to the specialized retail industry expertise of Bernard Sands. Coface is dedicated to offering best-in-class trade credit insurance, information, and receivables services to our clients, and Smyth's excellent products are in line with our quality philosophy."
About The Smyth Family of Companies - since 1906
Smyth is a leading provider of services for accounts receivable, credit, collections and deduction management, including credit information and risk mitigation, and related Software as a Service (SaaS) technology. Known for its technology leadership and subject matter expertise, Smyth offers its clients a single partnership to help solve all of their A/R, Credit, Collections and Deduction needs. For more information visit http://www.smythsolutions.com.
Coface's mission is to facilitate global business-to-business trade by offering its 130,000 customers four business lines to fully or partly outsource trade relationship management and to finance and protect their receivables: credit insurance, factoring, ratings and business information and receivables management. Due to the worldwide local service delivered by 7,000 staff in 65 countries, over 45% of the world's 500 largest corporate groups are already customers of Coface. Coface is a subsidiary of Natixis whose share capital (Tier 1) was 13.4 billion Euros at the end of December 2008. Learn more at http://www.coface-usa.com.