READY FOR CHRISTMAS AND BEYOND?
November 27, 2012 | 
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What will the Christmas trading period bring to your business? Is your business equipped to handle the lack of cash flow in the New Year? For many SMEs these are the questions they should be asking themselves with the lead up to the Christmas trading period.
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Posted in Exporter Series, Importer Series | 
Tags: Bibby, business growth, cash flow, cash flow problems, christmas trading, credit checks, credit management, debtor finance, invoice payment, rapid growth | 
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DISCOUNT BROKERAGE
For over two decades, share investors have enjoyed access to discount brokerage with their stock portfolios. It has also extended into derivative, CFD and even currency trading. So why don’t Australian businesses enjoy discount brokerage for their overseas payments?
Discount brokerage, as opposed to ‘full-service’ brokerage, enjoys a discounted rate or cost, far less services and resources for the client to use, and usually involves self-execution of trades via an online platform. Read the rest of this entry »
Are You Paying for your Bank’s Marketing?
For some reason we feel comfort when we see and hear a Brand over and over again... on the TV, at bus stations, on the radio and all over the web. It makes us more at ease to consider buying their product or using their service. BUT AREN'T WE JUST PAYING FOR ALL THEIR ADVERTISING? Read the rest of this entry »
Posted in Exporter Series, Importer Series | Tags: big brand, complimentary greenpaper, cost calculator, currency conversion, ground-breaking, informative, marketing budget, online marketing, profit, radio, return on investment, ROI, TV | Comments Closed
Trade Finance vs Currency Payments
It is a widely believed misconception that you must do both your Trade Finance and Currency Payments through the bank. I hope now we can see that this is no longer the case. Find the best-of-breed (and most cost effective) choice for all of your business needs, and use them. The bank may actually be the best choice at the end of the day... just make sure you know they are not your only choice! Read the rest of this entry »
MEASURE TWICE, PAY ONCE
Sometimes the only way to keep the bank honest is to have two FX providers and create your very own mini-auction. Both now have to bid for your business. You may have tried this already. If so, we’ll fine tune it for you. If you haven’t it’s something that will give your payments a very short-term boost.
How it is best done is usually by leveraging the relationships that you already have. It is likely that you already have a banking relationship that can enable you to send payments overseas. It is also probable that they will provide pretty poor rates to you, unless they see you as a ‘platinum’ or ‘gold’ customer at which point your rates come down to almost average. Read the rest of this entry »
Posted in Exporter Series, Importer Series | Tags: better rate, compare rates, comparison, existing relationships, FX specialist, margin, measure twice, pay once | No Comments »
GO ONLINE… It’s Easier for You and Easy for Us!
This is almost a no brainer and already over a third of Australian business will use an online platform as the primary method for making overseas payments. It's just another way that we can fine-tune your trading, and it can be done almost instantly. Read the rest of this entry »
Posted in Exporter Series, Importer Series | Tags: currency, Foreign Exchange, Forex, FX, online platform, pay less, save money, save time, service level agreement | No Comments »
TT FEES NO LONGER EXIST!
Yes, it's true. That fee that you've been paying is just a figment of you're FX provider's imagination. Telegraphic Transfer (TT) Fees barely made it to the 21st century. If they had any relevance in the year 2000 they certainly don't in this day and age. In financial terms they do exist, but only because Australian importers and exporters are still paying for them. Telegraphic Transfers first occurred when communication technology was upgraded from smoke signals to wiring morse code across national lines. These days if you look outside you still might see the odd telegraph line, but these are not extensively used to make overseas payments. Before we show you how to avoid them, let's discuss why they are still used. Read the rest of this entry »
