You Can Export: Managing Your Finances when Selling Overseas – Sheffield
February 21 @ 9:30 am - 1:00 pm
Understanding cash flow and payment is a crucial part of any successful business, but particularly for those who wish to export. Multiple currencies, exchange rates and payment terms can all further complicate business transactions, and if you’re not prepared for it, can slow down your international growth.
In this interactive workshop, brought to you by Natwest, The FD Centre, UK Export Finance (UKEF), ERDF and the Department for International Trade, we will look at the key points of managing your finances for overseas business, as well as how to access grants and funding that can contribute towards export-related expenses. We will also cover the differences in dealing with overseas and online payments, as well as how to manage your cash flow to help your international trade grow further.
In this half-day workshop, we will cover:
- Managing cash flow and payment terms
- Minimising funding gaps during production and shipping times
- Export credits, insurance and funding
- Working with online payments
- Accessing funding and grants
After this workshop, you will be able to:
- Confidently set payment terms and effectively manage your finances
- Understand the end-to-end funding cycle
- Work out ways to minimise your payment gaps
- Understand online payments
- Enquire about DIT and UKEF support and the Exporting for Growth* grant programme
About the speakers:
Working Capital Manager Cash & Trade, Natwest
Iain has over 15 years experience operating in the financial sector across a variety of customer-facing roles, including 6 years focussing primarily on International Trade. He has vast experience working with commercial and corporate businesses to secure appropriate funding packages and produce appropriate risk mitigation strategies. Iain has a proven track record in working alongside external bodies and other key stakeholders to ensure relevant sector and industry knowledge is maintained and enhanced. Professional qualifications held and maintained including Certificate in International Trade Advisory. Iain is a keen sportsman, a supporter of Newcastle United and father of two boys.
Finance Director, The FD Centre
Graeme is a Chartered Accountant with a wealth of experience in the manufacturing environment but also with experience of logistics, distribution, property and entertainment sectors. Graeme’s experience extends from being an FD for SMEs, to working in a large corporate environment, therefore the breadth of experience he can bring to a role is a key asset. Over his 23 years as a qualified accountant, he has taken key roles in acquisitions, divestments, business restructuring, fund raising (banking and public funding), strategic planning, operational assessment and improvement, risk management, forecasting and cash management. In addition, Graeme has significant experience outside of the finance sector having also managed IT, HR, and purchasing departments as part of his overall duties.
Export Finance Manager, UKEF
Export Finance Manager Robin Priestley focuses on business development and client support for companies across Yorkshire and Humberside, helping them access UKEF’s award-winning support to win, fulfil and get paid for export contracts. Prior to joining UKEF, Robin was Senior International Trade Business Manager at Barclays, having previously worked in a variety of roles in Corporate Banking, including International Relationships and Foreign Exchange Risk. He brings significant experience in the financial services sector to the role, particularly in delivering support for businesses looking to trade internationally. In 2017-18, UKEF provided exporters in the north of England with nearly £10 million of support, resulting in over £44 million worth of overseas sales.
ERDF Project Manager, ERDF
Ingunn has worked on ERDF funded projects in Yorkshire and the Humber since 2007, initially focussing on grants to minimise waste and increase recycling before moving on to managing larger capital investment projects with the same remit. In 2014 she joined Pera Consulting to manage the ERDF funded MAS (Manufacturing Advisory Service) contract in Y&H, before joining Enterprise Growth Solutions in 2016 to manage their Exporting for Growth contract alongside the Department for International Trade.
*Enterprise Growth Solutions, in partnership with DIT, is delivering the contract for the European Regional Development Fund (ERDF), which provides £6.7 million of funding for first time exporters and also experienced exporters as part of the Exporting for Growth programme.