Uncover the secrets of raising export finance with your invoices. Discover how in this simple guide!

Introduction to Export Finance

Good afternoon everybody and welcome to today’s webinar with baby financial services in which we are giving a simple guide to raising export finance using the value of an invoice.

About Baby Financial Services

Baby financial services is the leading independent financial partner for UK businesses, supporting over 9,500 business customers worldwide. They offer a range of industries, including retail and financial services.

How Invoice Finance Can Help Your Business

Invoice finance is ideal for businesses where customers have longer payment terms, particularly for exporters dealing with overseas customers. The process involves receiving an advance of 85% of the invoice value, with the remaining balance provided once the invoice is paid. This can help businesses bridge the cash flow gap caused by longer payment terms and late payments.

Challenges for Exporters

There are several challenges that exporters face, including currency fluctuations, logistics and Incoterms, access to cash and funding, and local culture and legislation. It’s important to consider these factors when venturing into new export markets.

How to Overcome Export Challenges

In order to overcome these challenges, it’s crucial to work with a financial partner that provides 100% ledger funding, supports multiple languages and time zones, offers foreign exchange services, and provides bad debt protection, particularly for non-payment or insolvency.

Case Studies

Two case studies were shared, one of a surveillance and security systems company and the other of an apparel company, both of which benefited from the financial support and flexibility provided by Baby Financial Services.

Market Information and Support

For companies looking to import or export, it’s important to seek support and information about specific markets, including understanding local legislation, trade practices, and potential risks. Organizations like the Department for International Trade and the British Chamber of Commerce can provide valuable resources and guidance.

Advice for Mitigating Currency Fluctuations

Seek support from an FX company that offers good rates and a forward contract to mitigate currency fluctuations. Understanding the terms and conditions of contracts with large retailers like Amazon is also important for managing cash flow and potential risks.

Conclusion and Future Opportunities

Looking ahead to 2019, the Institute of Export and International Trade has announced a series of new training courses for businesses looking to advance in exports and prepare for Brexit. Additionally, businesses can apply for government funding towards these courses to support customs declarations and procedures. The Institute also encourages businesses to enter their export action plan competition for a chance to win towards their export plans.

Upcoming Webinar and Call to Action

The Institute’s next webinar on December 14th will provide tips for companies looking to enter the competition, along with inspiring case studies of successful exporters. Attendees are urged to sign up for the webinar and participate in the upcoming competition. Finally, the audience is invited to provide feedback through the exit survey to help improve future sessions.

This article provides a comprehensive overview of the webinar content, highlighting the key points and recommendations for businesses looking to engage in export finance. It offers valuable insights into the challenges and opportunities for exporters and emphasizes the importance of strategic financial support and market intelligence.

Disclaimer:

The information contained in the video or post represents the views and opinions of the original creators, and does not necessarily represent the views or opinions of YeniExpo. The Video Content or Post has been made available for informational and educational purposes only.

YeniExpo does not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the Video or Post Content. If you find any of your copyrighted material in this post or video, please contact us, so we can resolve the issue.

© All rights reserved by respective owners.