Avid webinar fans will hear from trade broker Mark Smith, of National Credit Insurance brokers, in the next session. Smith will give printers the inside running on the pitfalls of debt, tips on avoiding risk and managing credit exposure in an in-depth 30-minute presentation on Wednesday April 9.
A leading trade broker working across Australia, New Zealand and Singapore, Smith offers his insights to help printing companies minimise the risks should a client become insolvent before paying their print bills. Acknowledging the impact being felt in the industry, Smith urges companies to better understand how to manage credit exposure, calculate financial risk and develop strategies to minimise this risk.
"This webinar will be a good introduction for companies who have not taken steps to secure themselves in the eventuality that a major customer of theirs were to fall over. I will be explaining what credit insurance is, how it works, what it costs and how printing companies can assess its suitability for their individual circumstances," said Smith.
This latest installment will provide a basic tool kit for businesses to reduce the risk of financial loss experienced after major clients have fallen over owing thousands of dollars for print work. Smith will also discuss how companies can calculate the amount of credit they are prepared to safely provide clients, balancing the competitive realities of business while protecting that business from unsustainable financial exposure.
Debt recovery options will also be included in the 30-minute presentation.
The webinar begins at 1pm AEST on Wednesday 9 April and online registration is available via this link or by visiting www.printnet.com.au