May 17, 2016
Why does an exporter need to understand the Transactional Relationship Diagram in the Supply Chain? First, understanding this diagram will help you assess if your business has the ability to offer foreign buyers open account terms, and if so, what kind of terms. Second, understanding this diagram will further enable you to better understand your cash cycle and determine if you need export finance tools to mitigate the risks associated with open account trade.
December 31, 2014
Did you know that when exporting there are ways to secure payment from your foreign buyer so that if they do not pay you—you still get paid? A letter of credit is one method of payment that your export business can leverage to insure against foreign-buyer nonpayment.