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About Us
The design of our services is based on continuous requests from the exporting community to receive individualized guidance and support for their Letter of Credit needs. This approach is different from the common cut and paste one size fits all concept.
SMS Inc. Consulting Group has been providing individualized Letter of Credit evaluation and presentation services to the export community nationwide since 1988.
With diverse backgrounds from export distribution, transportation, finance, and credit fields, our talented and experienced associates are capable of providing the most professional and cost effective solutions for your Letter of Credit needs.
Export letters of credit evaluations, documentation and presentations
SMS Consulting Group enables you to successfully utilize Export Letters of Credit as an effective financial tool to increase international sales by securing payment from the bank, not the foreign buyer. This will greatly reduce the risk of nonpayment to the exporter.
Our Export Letter of Credit services are backed up by experience and knowledge acquired over 21 years. We provide a customized approach to your individual company’s needs.
Frequently misunderstood, the Letter of Credit process is often regarded as a tool of last resort by many companies. They don’t have trained personnel to deal with the complex document requirements of an export letter of credit.
As a result valuable sales prospects are turned away.
Why outsource your company’s Export Letters of Credit needs
* Due to the current business climate, many companies facing cutbacks must continue to function more efficiently than ever before. A practical and cost effective alternative is to outsource an expert third party for their Letter of Credit needs.
Increase:
**Increase export sales and also allow your foreign buyer to receive documents on time making it easier for him to clear customs at destination without delays. This usually results in increased foreign customer loyalty and repeat sales.
**Increase your cash flow by expanding your foreign client base.
Reduce :
** Reduce bank discrepancies due to Documentation errors.
Precise and detailed documents are required for the bank presentation. The smallest discrepancy can delay payment. It takes years of experience to coordinate all the parties involved in a Letter of Credit transaction including the freight forwarder, insurance companies, Chambers of Commerce , legalization services, inspection companies , bank (s) and the exporter. These parties often have different priorities and fail to give the exporter the customized help it needs..
** Reduce man hours spent in document preparation by in house staff.
** Reduce related expenses such as duplicated courier fees.
** Avoid payment delays.
Professional document preparation will greatly reduce delays in presentation and speed up your cash flow.
Keep in mind that discrepancies, late shipments and presentations after the Letter of Credit has expired defeats its purpose, namely payment protection. |