Trade credit insurer NCM and BASMA, the boot and shoe manufacturers' association, have joined forces to provide a complete credit management service.
The partnership allows BASMA to extend its services to members into comprehensive insurance cover.
BASMA has already used its expertise in debt recovery to protect its members' interests.
NCM's Compact policy provides worldwide cover against commercial and political risks, including buyer insolvency and default, and delays in transferring funds.
Sarah Beretta, BASMA chief executive, welcomed the initiative and said the new facility would provide its members with a complete credit management service.
Will Clark, NCM director, said: "We look forward to helping more of BASMA's members to improve their profitability. With our insurance, customers can be confident of easier and quicker access to trade finance.'