Get Our Money Working For You

In simple terms, trade finance is when an exporter requires an importer to prepay for goods shipped. The importer naturally wants to reduce risk by asking the exporter to document that the goods have been shipped as proof.

As a business trading in the UK market you may be considering, especially post Brexit, selling your products into new markets or sourcing materials and products from new markets.

For many this will be the first time you have considered this and probably the first things that will spring to mind are:

• “what are the risks?”
• “how do I pay or get paid?”
• “how do I retain control of the goods until I am paid for them?”
• “how do I access the goods that have been shipped to me”
• “what payment terms can I negotiate?”

There will be many more but these are probably the main ones.

At Simple Trade Finance we have simplified and automated this whole process, enabling you to re-visit your sales and purchase forecasts, improve your margins and manage your cashflow.

After all business is about making profit, not just making sales. Materials can be acquired cheaper from other markets and margins can also be improved through sales to markets where the products/goods have a higher value.

Thus creating the opportunity to significantly improve margins and in a safe de-risked trading cycle where your goods or your payment for goods are fully protected under the terms of the Letter of Credit.

Most new business owners entering this arena for the first time, would agree that were the mystique removed from importing and exporting then they would be attracted to trying.

Conversely, as a more mature business maybe you deal with long standing suppliers on an “open account” basis but are they the most competitive or just convenient. Maybe the funding of new relationships is a mental block? We can remove this simply and easily.