Top Tips for Managing Overseas Suppliers Post-Brexit

Is managing overseas suppliers during and after Brexit a concern for you and your business? If the answer is yes, check out our top tips to help you manage your working relationships with your suppliers effectively.

Top Tips for Managing Overseas Suppliers Post-Brexit

Whether Brexit happens now or in the coming months, the need for businesses to plan ahead is paramount. Especially for small businesses who purchase stock from international suppliers. Changing your supply chain may not be the most cost-effective option as it’s often a lengthy and costly process and should only be a last resort.

To help protect your supply chain from ongoing uncertainty and unknown consequences, we’ve created a checklist to help you manage your overseas suppliers effectively post-Brexit:  

Maintain a good relationship

Custom duties and custom checks

Review principal contracts

Simplified import procedures

VAT

Currency

For access to official government resources, click here.

How can Xendpay help?

Xendpay provide fair, fast and reliable low cost global money transfers. Our online service helps businesses to minimise their international transfer costs, helping you to save money during the post-Brexit period. Businesses can transfer up to £4K a year without paying any transfer fees on overseas transactions, with low-set fees once that amount is reached.

So whether you’re sending money to a supplier, paying invoices and employees abroad or importing and exporting to and from the EU, Xendpay can help you reduce costs before and after Brexit.

Create an account with us to send money abroad today!

Click here to get started…