In today's crowded global marketplace, there is an overabundance of export companies for buyers to choose from. This saturation of the market gives potential buyers the upper hand when selecting suppliers to work with. Thus, exporters must provide buyers with something their competitors can't. While the business of exporting can be tricky, international trade finance companies can provide suppliers with the competitive edge they are desperately seeking.
Attracting International Buyers
Large international buyers are picking exporters that best align with their short and long-term business goals, making it imperative for suppliers to come to the table prepared with the best formula for success. The most beneficial tool available to exporters is their willingness to allow open account payment terms. Although some may balk at the suggestion, more than 80 percent of global trade is now conducted through open account terms according to the World Trade Organization.
To mitigate some of the risk linked with such terms, trade finance firms such as Tradewind offer solutions such as export factoring. This allows suppliers the ability to extend open account terms, positioning themselves to attract bigger buyers and larger orders.
Partnering with An Industry Leader
Before choosing an export factoring partner, you must first have a basic knowledge of what export factoring is. A factor company such as Tradewind purchases your company's accounts receivable. They then advance you up to 95% of the total invoice value. Once the buyer pays the factor the full amount of the mature invoice, the company then sends you the remaining balance.
It is imperative to choose a trade finance partner that will grow with you as your business grows. For example, Tradewind’s flexible funding accommodates your cash flow needs as your sales increase. Other differentiators setting Tradewind apart include:
Funding made within 24-48 hours of invoice submission
Collection services
Credit services
Selective invoicing
Financing even if you don't qualify for traditional bank services
Tradewind offers innovative international cash flow solutions designed for global clients. The majority of other trade finance companies and even most financial institutions do not provide funding for international sales. Tradewind may supersede or supplement your existing financing arrangements. With a primary focus on the small and mid-market, their main services include non-recourse factoring and supply chain finance. They have honed expertise in international finance by maintaining a web of offices around the globe including the USA, India, China, Hong Kong, UAE, Bangladesh, Turkey, Pakistan, Bulgaria, Iceland, Hungary, Peru and headquarters in Germany.
To know more: https://www.tradewindfinance.com/news-resources/how-tradewind-stands-out-from-other-international-trade-finance-companies