Please join us on February 27 to learn how to increase your company’s export sales and profits using credit terms while reducing the risk of bad debt and loss. Just think, how much could you expand your company’s international market share if you could offer attractive credit terms – particularly important in many foreign markets where capital is tight and extending credit is as important in buying decision as price and quality.
Export credit insurance allows you to become much more competitive while limiting international risk, safely offering credit to your international buyers — and enabling you to access working capital to fund an effective sales program.
Limit Your Risk
Export credit insurance covers the risk of buyer nonpayment for commercial risks (e.g., bankruptcy) and most political risks (e.g., war or the inconvertibility of currency). This credit enhancement allows you to sell on open terms and can replace cash-in-advance, letters of credit, and other documentary terms of sale. While limiting your risk, you can sell to more international buyers and compete much more vigorously in international markets.
Extend Credit to Your Buyers
These policies also allow you to provide qualifying international buyers with advantageous terms of credit. In today’s competitive global marketplace, you may be able to increase sales by providing this “open account” financing feature thereby providing your customers vital time to take delivery of your goods prior to making payment.
Access Working Capital
The insurance enhances the quality of your balance sheet by transforming export- related accounts receivable into receivables insured by the U.S. government (in the case of Ex-Im Bank coverage) or by a highly rated underwriter (in the case of a private market insurer). With credit insurance in place, lenders are more likely to advance against your company’s receivables to increase your working capital cash flow.
On February 27, the Birmingham Business Alliance will host a box lunch workshop (11:00 am to 1:30 pm) on the effective use of credit insurance to expand export sales, presented by Kathy Edwards of Global Business Solutions, a recognized leader in the Southeast for Export Credit Insurance and an authorized broker for the Export-Import Bank of the United States (Ex-Im Bank).
Register here: http://aitc.ua.edu/credit-insurance or Call 800-747-2482
The workshop will be held at EDPA, 500 Beacon Parkway West, Birmingham, AL 35209. No charge to attend, but registration required!