Credote vs Euler Hermes

(Now Allianz Trade)

Compare free, simple business credit reports with Euler Hermes' expensive trade credit insurance solutions

Credote

100% FREE

Simple business credit bureau

  • Free business credit reports for everyone
  • Open to all business types and sizes
  • Simple, transparent credit information
  • Instant payment processing & resolution
  • Public records indexed by search engines
  • No complex insurance policies required

Euler Hermes

€2000-15000+/month

Trade credit insurance

  • Expensive trade credit insurance premiums
  • Complex underwriting and approval process
  • Focus on insurance, not simple credit reporting
  • No integrated payment processing
  • Data access limited to insurance clients
  • Long-term contracts with complex terms

Feature Comparison

Feature
Credote
Euler Hermes
Monthly Cost

Base subscription pricing

€0

Completely free

€2000-15000+

Plus insurance premiums

Service Type

Primary business focus

Simple credit reporting

Trade credit insurance

Access Requirements

Who can use the service

Open to all businesses

Enterprise underwriting required

Complexity

Ease of use and setup

Simple & instant

Complex insurance solution

Payment Processing

Debt collection integration

Instant payment links

No payment processing

Contract Terms

Commitment requirements

No contracts required

Multi-year insurance contracts

Target Market

Primary user base

All businesses, SMEs, freelancers

Large enterprises with high trade risk

Why Businesses Choose Credote Over Euler Hermes

No Insurance Premiums

While Euler Hermes charges €2000-15000+ per month for trade credit insurance plus premiums, Credote provides all core credit information completely free. Businesses get the insights they need without insurance costs.

Annual Savings: €24,000-180,000+ by choosing Credote over Euler Hermes insurance

Simple Credit Information

Euler Hermes focuses on complex trade credit insurance with lengthy underwriting processes. Credote provides straightforward credit information instantly, without insurance complexity or approval delays.

Instant Access: No underwriting, risk assessment, or complex insurance applications

Accessible to All Businesses

Euler Hermes targets large enterprises with significant trade credit exposure. Credote welcomes all business types - from freelancers to enterprises - with instant access to credit information.

No Barriers: No minimum revenue, trade volume, or enterprise requirements

Integrated Payment Processing

Euler Hermes provides insurance coverage but no payment processing services. Credote integrates instant payment processing, allowing debtors to pay immediately and resolve defaults in real-time.

Payment Integration: Instant payment links and automatic default resolution

Success Stories

Export Company

Hamburg, Germany

"Euler Hermes quoted us €60,000/year for trade credit insurance, but we just needed to check buyer creditworthiness. Credote gives us the credit information we need for free, with instant payment processing."

Saved €60,000/year, improved cash flow

Distribution Business

Amsterdam, Netherlands

"Euler Hermes' insurance was too complex and expensive for our distribution business. We just needed simple credit checks on suppliers. Credote provides exactly what we need - free and instant."

Right-sized solution, no insurance complexity

Euler Hermes Limitations

Complexity & Cost Barriers

  • €2000-15000+ monthly insurance premiums
  • Complex underwriting and risk assessment
  • Multi-year contracts with penalties
  • Overkill for businesses needing simple credit checks

Service Limitations

  • Focus on insurance, not simple credit reporting
  • No integrated payment processing services
  • Enterprise-only, excludes SMEs and freelancers
  • Data access limited to insurance clients

Ready to Switch from Euler Hermes?

Join thousands of businesses who've saved money and simplified their credit processes by switching to Credote's free, transparent business credit platform.

No insurance required • No contracts • Cancel Euler Hermes and save €24,000-180,000+ annually