Vienna, January 20, 2025 – Prewave has joined forces with Coface, a global leader in credit insurance and risk management. With this partnership, we aim to enhance supply chain stability for our global customer base.
As part of our strategic partnership, Coface’s Debtor Risk Assessment (DRA) has been integrated into our AI-powered supply chain intelligence platform, offering businesses advanced tools to predict and mitigate insolvency risks among suppliers.
Harald Nitschinger, Co-Founder and Managing Director of Prewave, described the partnership as transformative:
“Our collaboration with Coface is a game-changer for supply chain risk management. With their Debtor Risk Assessment integrated into our AI-powered platform, we’re enabling global businesses to proactively address supplier insolvencies, ensuring resilience and operational continuity in an increasingly uncertain world.”
Proactive Risk Management with Data-Driven Insights
The integration of Coface’s DRA provides businesses with unparalleled insights into insolvency probabilities, replacing traditional broad risk categories such as “low” or “high” with precise, actionable forecasts that empower businesses to make informed decisions and minimise supply chain disruptions.
Dagmar Koch, Country Manager Coface Austria, emphasised the value of combining the expertise of both companies:
“Combining Coface’s 75 years of expertise in credit and risk management with Prewave’s AI innovation brings unmatched value to businesses. Together, we’re delivering solutions that enable companies to navigate complex challenges with greater efficiency, foresight, and reliability.”
Maximising ROI in Risk Mitigation
A standout feature of the partnership is its focus on return on investment (ROI) for risk mitigation strategies. By aligning mitigation efforts with measurable financial benefits, businesses can use detailed financial impact assessments to prioritise cost-effective actions that address the most pressing risks.
Koch elaborated on this approach, stating:
“With Coface’s proven tools, such as the Debtor Risk Assessment, and Prewave’s advanced technology, businesses can efficiently tackle complex challenges. This modern approach delivers the insights needed to ensure both cost-effectiveness and long-term resilience in risk management.”
Strengthening Resilience in a Dynamic Global Economy
By combining Coface’s in-depth insolvency analytics with Prewave’s monitoring technologies, businesses gain a comprehensive view of supply chain risks. This partnership enables organisations to address potential disruptions proactively, from supplier insolvencies to natural disasters and operational inefficiencies, helping ensure operational continuity and a competitive edge.
With global supply chains under constant pressure from economic volatility, climate-related disruptions, and geopolitical challenges, the Prewave-Coface partnership signals a forward-thinking approach to risk management. By integrating advanced technology with proven risk assessment tools, the two companies are helping businesses build the resilience needed to navigate uncertainty and thrive in today’s complex global marketplace.
