The Institute of Export and GERLING NCM, one of the world's leading credit insurance and receivables management companies, today announced a partnership to deliver a worldwide debt recovery service for Institute members. The package offers members competitive rates for debts placed and recovered in worldwide export markets.
According to GERLING NCM's latest Export Survey, 96 per cent of exporters claimed that managing their cash flow was fundamental to their business success. Sixty-nine per cent of firms say they spend too much time chasing payments, and the possibility of experiencing a bad debt is a concern for 84 per cent of firms, rising to 90 per cent for firms with a turnover of less than Ј1 million.
