Minimising the risk printing company’s face should a client become insolvent before paying their print bills is the topic of a new webinar from Printing Industries next month.
The April 9 webinar will feature guest speaker Mark Smith of National Credit Insurance broker (NCI) – a leading trade broker covering Australia, New Zealand and Singapore.
Mr Smith acknowledges that a lot of industry companies had suffered serious financial loss after major clients had ‘fallen over’ owning many thousands of dollars for print work.
He said it was critical for companies to understand how to manage credit exposure, be able to calculate their financial risk and understand what they can to do to minimise this risk.
“This webinar will be a good introduction for companies who have not taken steps to secure themselves in the eventuality that a major customer of theirs were to fall over,” Mr Smith said.
“I will be explaining what credit insurance is, how it works, what it costs and how printing companies can assess its suitability for their individual circumstances.”
Mr Smith will also discuss how companies can calculate the amount of credit they are prepared to provide to clients.
Debt recovery options will also be included in the 30-minute presentation which will be followed by a Q& A session.
The webinar begins at 1pm AEST on Wednesday 9 April and online registration is available via this link or by visiting www.printnet.com.au
Printing Industries Association of Australia
www.printnet.com.au
