The current complex geopolitical environment has exposed many businesses to trading risk, especially in defaulting risk. Poor payment behavior ,a lack of information about the business or payment performance of customers, and economic and political risks have led to a reduction in the proportion of B2B sales in the Asia Pacific region being made on credit terms. In view of the fluctuating economic situation, global companies are facing more challenges in international trade, especially the risk of increasing bad debts. It is important for companies to have good credit management control in order to reduce credit risk regardless of where they are doing business.
Asia Pacific region is still an attractive area for foreign investmentors. China is reforming its investment environment to attract foreign investments, meanwhile, as of the Belt and Road Initiative, Chinese outbound investments into Asia Pacific region have also been growing, which accounted about 25% of Chinese all outbound investments in 2017. However, differences due to different understanding of business rules such as corporation, environment protection, labor, tax, culture, etc. can lead to potential risks.
In this seminar, We would be introducing the implementation of effective credit risk control measures at every stage of the sales process so as to prevent bad debts. We also share the proper ways to deal with bad debts in order to minimize loss.
About Atradius Collections
Through a presence in 31 countries, Atradius Collections provides commercial debt collection services in 96% of the countries across the world. Their wide breadth of services, ranging from third party collections to legal collections and accounts receivable outsourcing, helps companies around the globe recover unpaid invoices. Atradius Collections forms part of Grupo Catalana Occidente (GCO.MC), one of the leading credit insurers in Spain and worldwide. We are there to improve your cash flow, wherever you trade.
The M2M series (Member-to-Member) is AmCham China's commercial event platform. M2M events are sponsored by companies seeking to share the latest information about their products, services, technologies, or expertise with fellow AmCham China members. These company-sponsored events are free for all AmCham China members and employees of member companies. The M2M program and any use of AmCham China's name and participation by AmCham China's personnel in such program in no event constitutes an endorsement, express or implied, of any product, service, program, or company. AmCham China reserves the right to offer, modify, suspend, or cancel the M2M events in its sole discretion.