Payment costsIn Foreign Trade Payment Methods, it is a header that affects the correct planning of the process. Payment method; the time of collection is evaluated with the risk, bank steps and necessary documents undertaken by the parties. A single method may not be suitable for each country, customer and contract. Direct/resistent expenses such as bank, vehicle institution, exchange and transaction delay are shown in separate pens and the total cost is the same and compare with vade assumption.
Tracking and reporting
Select the indicators to be monitored from the process volume, time, cost, error/fix and targeted result headers. Set data source, calculation definition, reporting frequency and decision-making for each indicator. associate numbers with an action; do not compare the periods directly if the definition changes.
Control points
- Match the information between document and payment records with order/exclusion.
- Make the difference in the conditions of the party, product, quantity, currency and delivery/deparation before shipment.
- Keep the confirmations made by responsible person, carrier, bank and customer with date and reference.
Sample application
For example, when a business prepared a transaction titled “Payment costs”, the purpose of processing and evidence of the hand is lost. Then the related teams compare data, confirms missing information from the source and the approved version holds in the transaction file. When the procedure is completed, it compares and saves the difference and follow-up action.
Discussion question: What information difference in your transactions leads to additional confirmation or re-document editing?
This sharing is for general information and professional discussion. Up-to-date legislation, contract and product/procession properties should also be evaluated.
Current source: T.C. Ministry of Commerce — Import and export questions-cevaps