November 02, 2017
"Risks escalated across the board in APAC. In particular, worsening ultra-long overdues relative to turnover offers cause for concern. Respondents may encounter cash-flow shortfalls if non-payment risk materialize, leading to financial difficulties. This highlights the need for improved credit management practices in the region."
Carlos Casanova - Economist for APAC in Hong Kong
Sometimes it feels like businesses owners, CFOs and the like need superhuman powers to navigate through the current market's choppy waters. While a CFO may not be a superhero, there is nothing wrong with saving the day through smarter credit strategies.
Our APAC Corporate Payment Survey revealed that less than half of the respondents checked and monitored their buyers credit worthiness, while only one third monitored buyer track records.
With ongoing margin pressures, driven by intense competition and slowed economic growth which sectors ands countries are more at risk of payment default and insolvency?
Whether you're focused on your domestic trade risk or wondering how to secure your international payments, find out the key insights from this years APAC Payment Results and what that means for Australian businesses.
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