If the company does not pay attention to risk management , it runs the risk of its day-to-day life being more like a Scary Movie, in which fear and the most absurd situations mix to give rise to grotesque situations, such as the three examples described below.
A new customer does not pay for a large order
It is important to assign each client a risk level , determining the maximum amount that can be granted in orders with deferred payment, in order to keep the company's finances under control. This financial risk management with clients serves to keep under control the scenario in which a client enters into bankruptcy or starts a dispute that leads to non-payment in the short term, which generates a "hole" in the company's accounts. It is important to control the risk at the company level and at aggregate levels, such as that of groups of companies and sectors, since a chain reaction such as, for example, the bankruptcy of a group of companies, can cause a serious problem.
If goods are delivered without control over the freight forwarders brokers email lists risks incurred in each operation and on a global level, any day it can cause a major scare. In the most extreme cases, it can even ruin the business if it affects the treasury and prevents pending payments from being made due to a lack of income.
The exchange rate makes a transaction ruinous
When trading in international markets with countries that use currencies other than the Euro, it may be of interest, especially in high-volume transactions, to take out exchange rate insurance . This way, you can keep the profitability of the operation under control, without the currency exchange rate affecting the result.
It is worth remembering that in the times we live in, any day we wake up to news that can affect a country in which a transaction has been closed and the markets around the world can react in a few hours by collapsing their currency, which can turn a good transaction into a ruin, for which the company itself will have to pay the bill and there is no possible way to claim, unless there is insurance.
