Why Use a SINOSURE Consultant: Turning Trade Credit Complexity into a Strategic Advantage

Area; The DIY approach (relying on supplier); The Axton advantage

Understanding the buyer’s current SINOSURE profile; The importer will need to determine for themselves what their status with SINOSURE is. They will need to determine, for example, if there have been any supplier notices of non-payment or other negative credit events.; Axton Global works with suppliers to put together the most comprehensive picture of an importer’s profile with SINOSURE, helping to identify any roadblocks that may be holding the importer back from an optimal trade credit limit. Preparing financial and company information;The importer gathers documentation themselves and must rely on their own understanding of the SINOSURE process to ensure a complete application.; Axton Global leverages its extensive experience with SINOSURE to make sure all financial, company and trade information is complete and consistent. Checking data consistency; The importer will need to understand what data must be provided in order for SINOSURE to approve a credit limit, and what inconsistencies in data can delay an approval or result in a rejection.; Axton Global applies its experience with SINOSURE applications to ensure that all data submitted is consistent, helping to ensure a smooth credit information review process. Determining the appropriate credit-limit request; A lack of experience with the SINOSURE process may lead to a request for an unjustified credit limit amount, resulting in a lower limit than expected or in a refusal ; Axton Global’s understanding of SINOSURE’s underwriting process, combined with its in-depth analysis of a client’s profile, means it can target a credit-limit request that is in line with SINOSURE standards. Communicating with the Chinese supplier; The importer will need to negotiate directly and explain the principles of working with SINOSURE to the supplier, leveraging an understanding of the supplier's needs to secure their cooperation throughout the application process; Axton Global’s deep understanding of Chinese exporters means the consultancy can shape a communication strategy that maximizes cooperation with the supplier while foreseeing any potential obstacles. Coordinating the supplier-side application; The importer’s procurement and finance teams must coordinate directly with the supplier, regardless of the strength of communication channels and the length of the relationship.; Axton Global can apply its deep expertise in working with Chinese suppliers to ensure efficient communication, while preparing for any potential pitfalls. Handling additional information requests; The importer must rely on the supplier’s willingness and ability to promptly pass on additional information requests from SINOSURE.; Axton Global can follow up with suppliers during an application process, to make sure that any additional requests for info have not fallen by the wayside. Responding to delays or rejection; An importer will need to determine for themselves the reasons for a rejection or delay. They may or may not have the experience necessary to recognize the nature of the problem.; Axton Global can assess the application and apply its experience to ascertain where the deficiency lies in an application, be it a supplier error, missing documentation, or another problem. Applying for an increase or additional limit; The importer will need to determine the appropriate size of the credit limit increase, and will need to coordinate directly with the supplier on the application.; Axton Global can assess the client’s needs and work with the supplier on the application, to ensure the submission maximizes the chances of a positive outcome.