When doing business internationally, many companies are concerned about dealing with new buyers and ensuring that they receive timely payment for their products and services.
If you are sourcing goods from other countries, you may be concerned about the quality and timeliness of delivery when dealing with unfamiliar suppliers. You may also be focused on optimizing working capital and financing your international supply chain. In some industries, providing a funding source to ensure an uninterrupted flow of products from the manufacturer to a dealer network is a critical success factor.
For some companies just starting to explore international opportunities, a common misconception is that doing business in U.S. dollars reduces the foreign currency risks or costs. Your Wells Fargo relationship team works to understand your business and develop strategies to help you reduce risk, maximize cash flow and ensure mutually beneficial relationships with your international buyers and suppliers.