BETHLEHEM, Pa. – RMS, a world leader in business-to-business Accounts Receivable (A/R) Management, has posted 24 new country fact sheets to their web site at http://www.rmsna.com. Making a decision to expand into an international market can be a daunting and intimidating task, and something many companies neglect to consider in this decision is what will happen if they don’t get paid? These country fact sheets contain details related to each country’s unique collection practices from the documentation requirements and standard collection practices, to their legal processes.
A summary Country Risk Rating and Business Risk Rating are also provided. The Country Risk is based on the influence the country’s financial stability, economy and political outlook are estimated to have on the financial commitments of the country’s businesses. The Business Risk is related to the availability and reliability of corporate financial information, the legal system as it relates to creditor protection, and whether the country’s institutional framework supports intercompany transactions.
“It can be a very difficult decision to begin, or expand, business in foreign markets when we ourselves are living in such a volatile economic environment,” stated Jeff Venzke, RMS Assistant Vice President of International Operations. “The information provided here can assist people as they start to build a foundation of data they can then use to make the best decisions on their International business ventures.”
These country fact sheets compliment the recently concluded free webinar RMS provided on ‘Understanding and Using International Country Facts’. This was another in a series of complimentary International webinars the company has presented, of which the two previous ones were focused on managing risks in the uncertain environments of Latin America and the Pacific Rim. To sign up for future free International webinar announcements, or receive information on the previous sessions, please email Robyn Gross at robyn.gross@rmsna.com.
About RMS
RMS, headquartered in Bethlehem, Pennsylvania and with operations in the United States, Canada, Mexico, India and China, provides working capital optimization through Business Process Outsourcing (BPO) and Recovery Services. The company provides accounts receivable management, recovery services, cash application, credit card chargebacks, insurance services, back-office support, and bankruptcy services to customers worldwide. Since 2005, RMS has been a portfolio partner of Citi Venture Capital International (https://www.citigroupai.com/cvci). For more information about RMS, please visit our website at www.rmsna.com.