Posted by Dawn Aldwinckle on February 17th, 2011
Ernst & Young have published a positive report on how the growth in the BRIC economies will benefit UK businesses (BRIC being Brazil, Russia, India, China.)
One of the key considerations for UK SME’s looking to export their products to these countries is their ability to be able to easily do business from finance and IT perspective.
Key considerations need to be the ability to deal with currencies and fluctuation in exchange rates, to be able to transact online or via electronic data interchange, to enable agents or sales people in these countries to be able to readily access your systems and ultimately to be able to track delivery of goods and payments.
This reinforces the need to review your IT and systems infrastructure together with your business processes to ensure that you effectively exploit these new markets for your products and be the supplier of choice.
Author: Mark Greatrex, CEO, Lakeview