Dassault Systèmes' partnership with Coface is a very good exemple of the effectiveness of Coface's Business Information solutions.
Strengthening Risk Management with Coface: A Collaborative Journey
In the dynamic landscape of global commerce, navigating risks while pursuing growth is a constant challenge. For Dassault Systèmes, a pioneer in collaborative virtual environments, managing commercial risks effectively is pivotal to its mission of fostering innovation worldwide.
Dassault Systèmes has chosen Coface as its trusted partner to provide the business information it needs to thrive in the midst of complexity and uncertainty. Henri Bourny, Customer to Cash Director at Dassault Systèmes, paints a vivid picture of their journey. "Our mission is to create collaborative virtual environments for individuals and businesses, fostering innovation and sustainability," he begins. With 25,000 employees, 300,000 customers, and operations spanning 150 countries, the scale of their endeavor is immense. Yet, sustaining this mission demands more than vision—it requires robust risk management strategies. Dassault Systèmes turned to Coface's Business Information (BI) services to strengthen its risk management arsenal. Henri Bourny explains, "We needed a partner capable of providing both quantitative and qualitative insights into our customers' financial health." Coface emerged as the natural choice, offering a comprehensive suite of solutions tailored to Dassault Systèmes' needs. The collaboration began in 2022, with Dassault Systèmes leveraging Coface's rich range of BI solutions: iCON platform, Portfolio Insights, Economic Insights, and invaluable monthly reviews with Coface's Risk Underwriting teams. This synergy empowered Dassault Systèmes to assess the financial robustness of its 12,000 commercial partners across the globe, even in regions where information is scarce or unreliable.
Empowering Growth and Innovation: The Impact of Coface's BI Solutions
"For us, effective trade receivables management means obtaining accurate scores, credit recommendations and nuanced sector and country analyses," Henri Bourny emphasizes. Coface's BI solutions provided precisely that, enabling Dassault Systèmes to navigate diverse markets with confidence. The partnership has delivered tangible results, with Dassault Systèmes enjoying a remarkable growth trajectory of 15% per year on average, and controlling an additional 3,000 business partners by 2022. What sets Coface apart, according to Henri Bourny, is its unwavering commitment to innovation and customer focus. "Coface's BI solutions are not only innovative and scalable but backed by expert teams always available to address our needs," he comments. This spirit of innovation resonates deeply with Dassault Systèmes, reflecting its own ethos of continuous transformation. As Dassault Systèmes continues its quest to revolutionize industries through the power of virtual twin, Coface stands as a steadfast ally, empowering them to navigate risks and seize opportunities with confidence. Together, they embody the spirit of innovation and are driving positive change on a global scale. In the ever-evolving landscape of global commerce, success lies not only in vision but in strategic partnerships that empower organizations to surmount challenges and thrive. With Coface by its side, Dassault Systèmes embarks on a journey of limitless possibilities, shaping the future of innovation and collaboration at a time.
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