Managing financial risk and getting paid when trading internationally - The growth hub is a single place to access business support for Leicester and .. Read more Leicestershire. Risk around ‘getting paid’ and delays impacting cash flow is one of the no.1 concerns we hear cited by micros and SMEs all the time; over the past few years, exchange rate fluctuations linked to Brexit uncertainty have also inflicted pain on smaller exporters. Join Andrea Collins of The Export Department as she explains how exporters can minimise the risk of not getting paid when trading with overseas markets. In this session Andrea will be talking about the various ways exporters can be paid by their customers, exploring in detail the various options i.e. open account, bank collection, letter of credit, and advance payment; she will also be highlighting the benefits, risks and likely customer attitudes to each. This session also focuses on mitigating risk, helping you understand the various options and support open to you including Government-backed schemes such as UK Export Finance, and other credit insurance providers; as well as credit scoring, effective credit control, factoring solutions, currency hedging, and letters of credit. Growth Hub Advisers and their delivery partners are experts in assessing and diagnosing business need and have a wealth of knowledge of the funding, local and national support programs available to business.
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