By Mary S. Schaeffer
The entire details you must expand your credits traces worldwide!As a growing number of businesses extend globally, their credits managers needs to discover ways to comprehend and enforce overseas suggestions and practices whereas navigating varied cultures and traditions. yet operating throughout borders and time zones has its pitfalls and credits managers needs to be good proficient and updated to prevent pricey errors and continue their credits criteria. overseas credits and Collections brings jointly enlightening contributions from foreign specialists to supply whole assurance of significant matters and ideas, including:Country possibility, credits coverage, and forfaitingCultural transformations and information concerns: Latin America, the Pacific Rim, and EuropeCollections expectancies, matters, and practicesGovernment programsCredit reporting practices: credits functions and letters of creditThe net and new technologyWhether you're new to the worldwide industry, or have to remain updated on new approaches and criteria, overseas credits and Collections can help you properly and successfully take your credits operation worldwide.
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Additional resources for International Credit and Collections: A Guide to Extending Credit Worldwide
01_Schaeffer_JW_36835 2/19/01 10:03 PM Page 11 ONGOING MONITORING 11 ONGOING MONITORING Luckily for international credit managers, the world is a continually changing place. We say “luckily,” because continual movement translates into an ongoing need for international credit professionals. ” • Obtain updated information from trading partners to ascertain their liquidity and to determine whether they will have trouble meeting their obligations during the course of the next year. If you are having trouble getting new information, go back to the balance sheet statements that you already possess to ascertain the company’s debt position when you last reviewed its account.
If the people can make a decent living and support their families there will likely be stability even if they are not politically free. It bears out the theory that the better off financially the people are, the more willing they will be to trade away personal freedoms. In turn, the more stability a country has the better the ground for economic growth. The more destitute the populace the less stable the entire system. People will not tolerate squalor forever. As they lose hope for their economic vitality they 04_Schaeffer_JW_36835 2/19/01 10:09 PM Page 29 TRADE ISSUES 29 turn to more dramatic and severe expressions of displeasure such as riots, looting, armed rebellion, and anticapitalist ideologies.
1 million. The American firm felt there was no cause for concern because, though historically slow in payments over the years, the company had always cleared its account. S. business considered how the Soviet company would handle the new conditions thrust upon it. The account was handled as it had been in the past and was allowed to go considerably past normal terms. S. company became worried only when the account was well over a year past due. At this point an international collection firm was brought in to help resolve the matter.