Anticipating and seizing the opportunities available to you involves risks that need to be controlled🚀:
❓Protecting your personal liability
❓Ensuring the long-term future of your business
❓Having a crisis management team in place
There are techniques for transferring these risks to others: insurance companies or subcontractors! 🔁
Get an analysis of the main exposures your company faces for better risk management: https: //bit.ly/3B6fdXr
Your employees need to travel abroad to:
✈ Manage your activities on site
✈ Train new employees
✈ Manage ongoing projects
✈ Manage your suppliers/partners
✈ Meet customers
⬆ Do any of these situations arise?
Protect your employees and your company with a package of coverages that include:
🛡Medical care abroad in all countries
🛡Repatriation costs in the event of illness on site
🛡Public liability worldwide
All available on a 24/7 mobile app 📱: https://bit.ly/34PiApO
Expanding internationally involves many challenges 🤔 :
And yet, the context is just right, with many countries creating the ideal conditions for conquering international markets. The French government is no exception, and supports SMEs that dare to go international with its dedicated bank: Bpifrance
VTA Assurances is part of this dynamic, and offers you a financial security service dedicated to the subsidiary you want to create or develop:
Italian, you have just arrived in France and you want to insure a vehicle?
You have been driving in your country for years. To avoid being charged as a novice driver, ask your Italian insurer for your insurance history, and send it to us.
We are specialized and authorized to reconstitute your French bonus.
Do not hesitate to contact us.
Vi siete appena trasferiti in Francia e dovete assicurare la vostra Auto?
Guidate in Italia gia da tanti anni?
Per non dover ricominciare da zero e pagare come un neopatentato, chiedete il vostro attestato di rischio al vostro assicuratore in Italia ed inviatecelo.
Siamo specializzati ed autorizzati a recuperare la vostra classe di merito ed attribuirvi l'equivalente francese.
Contattateci!
As part of their international development, SMEs need to learn how to use the full range of solutions available to secure their international business operations, and in particular the risk of non-payment to customers, or country and country liquidity risk.
To protect against this, there are several tools available for securing international payments.
1. International guarantees
They are aimed at small and medium-sized businesses wishing to bid on international tenders. This series of guarantees enables a French SME to bid for a foreign contract under secure financial conditions.
a- Bid bond: enables the foreign buyer to insure against the risk of non-conclusion of the contract. This indemnifies the buyer if the seller fails to sign the contract.
b- Advance payment bond: this is a guarantee enabling the buyer to protect himself and recover an advance payment made in advance, in the event of non-performance or poor performance of the contract. It also enables you to negotiate and obtain significant down-payments to finance your working capital requirements.
c- Performance bond: this is a bank commitment to indemnify the buyer in the event of default or non-performance by the seller under the contract. This guarantee reinforces the credibility of an SME on a foreign market.
This set of guarantees can be supplemented by a non-recourse repurchase of the receivable with a French government guarantee, which enables you to strengthen your cash position by discounting or assigning your receivables to your bank.
2. Documentary credit (CREDOC) and stand-by letter of credit
The documentary credit is a means of payment used to secure international trade. It protects both the seller and the customer.
Credoc ensures that the importer receives compliant products on time, and that the exporter is duly paid. The action takes place in several stages (see diagram) in the presence of the buyer, seller and their respective banks.
How does it work?
Once the seller and buyer have agreed on the terms of the exchange, the buyer applies to his bank for a documentary credit, which is then forwarded to the seller's bank. Once the conditions have been met and both parties are satisfied, the buyer's bank will transfer the funds to the seller's bank. In this way, the transaction is finalized and both parties are satisfied.
Stand-by letter of credit
Stand-by letters of credit are a variant of documentary credits. It facilitates trade with a recurring partner. This guarantee is used by both importers and exporters.
If you buy abroad, your supplier is secured by a bank guarantee. You can request that this guarantee include quality certificates to protect you.
Conversely, if you're an exporter, the Stand By letter of credit you receive guarantees that your invoices will be paid when due, as long as you remain within the guarantee envelope and conditions.
We can help you present your request, negotiate it, and set it up with one of your banks.
Believing that only large groups can equip themselves with a system that allows them to identify and face a crisis is a mistake. 🛑
Accessible to SMEs, crisis management is essential for any structure.
Learning to anticipate crisis situations in order to face them is within the reach of SMEs.
Moreover, this activity can become a federating axis with concrete practical implementations that enhance your team. 🎯
💡Crisis management TeamBuilding ideas
⬇In an increasingly digital and connected world, don't let the best of the virtual become your worst nightmare!
Two structures can help you on this subject:
👉CapSiriushelps youbuild a simple and pragmatic organization around good reflexes in case of crisis situations.
Through a teambulding approach 👤 Françoise Sance and her team, accompanies you to build your crisis management organization through a team cohesion action.
Cyber-attacks also represent "THE CRISIS" of the moment for companies. A good crisis management is essential for its survival.
👤AndreaCoulange,Magarantie-Cyber accompanies you with a vulnerability audit of your computer system followed by a technical support to adjust your computer protections with the aim of subscribing an insurance cover with an insurer who will bring you financial means in case of cyber attack.
📄An insurance contract consists in transferring to an insurance company a feared risk: 🔥 the fire of your warehouse for example.
However, it's hard to predict everything.
Who anticipated Covid-19 and its consequences? 🤔
Your short-term financing lines negotiated with your banks also allow you to deal with unforeseen events: a new contract, late payment or delivery from an important customer.
The short-term financing offered by banks are :
📌 The financing of trade receivables: factoring, discounting or the Dailly law.
📌 The overdraft facility: the overdraft.
📌 Inventory Financing.
📌 And more...
Do you need my help to combine your insurance policies with your short-term lines of credit?
I offer you a 1st free personalized appointment: Make an appointment
🔗 Market opportunities abroad
🔗 Recruitment difficulties in France
🔗 Land and production costs more favorable abroad
Setting up your first foreign subsidiary is a challenge, but it can be easier ✌️
With the support of a Guichet Unique system ❕
This system enables companies to have a single point of contact with an answer to all their risk coverage needs for :
🗣️ Find the right contact for your local insurance
🆘Protect your employees abroad
💰 Be supported in submitting a financial aid application to your bank and BPI
💼Benefit from contracts covering your risks that comply with local legislation and are written in French.
Would you like to find out more? Make an appointment
⚠ When a company negotiates commercial contracts involving commitments with foreign currencies, a risk arises: currency risk.
🖋 Faced with this situation, the company will hedge its risk in order to reduce, transform, control or even eliminate foreign exchange risk. There are 4 main categories of hedging behavior.
But what products are available to manage exposure to currency risk?
There are several financial products that can be used to hedge currency risk, such as :
📍The forward contract: this involves buying or selling foreign currencies for delivery at a predetermined future date and at an exchange rate fixed today, known as the forward exchange rate.
📍Le Hedging: hedging a risk taken by one position by taking a second position reversing the risk. The negative and positive effects of the two positions therefore offset each other.
📍The currency option: This is a financial instrument that offers the possibility of buying or selling currencies at a set exchange rate. The date may or may not be fixed in advance, depending on the option chosen. To acquire an option, a premium must be paid on the day the contract is signed.
In addition, protecting yourself against exchange rate fluctuations partly involves hedging with various financial products, but also anticipating them by asking the right questions, such as :
What are the company's foreign exchange risk objectives?
Which exposures should be hedged?
What techniques can or cannot be used?
A company that anticipates these risks and implements a currency management policy will be able to :
💪 Stabilize profit margin.
💪 Maintain prices.
💪 Facilitate budgeting.
💪 Keep a good credit rating with banks.
💪 Minimize the effects of exchange rate fluctuations on its gross margin.
Do you need my help to cover these risks?
I offer you a free 1st personalized appointment:
Make an appointment