Welcome to Business Consulting 4 Banking

 

WHAT WE DO

BC4B are proven independent and expert banking consultants providing practical support  and advocacy to New Zealand companies in their dealings with Banks.

Branches in Auckland, Wellington and Christchurch supporting New Zealand business nationwide.

We help and guide businesses with their banking packages for:

  • Full Banking Relationship
  • International Trade & Financial Supply Chain
  • Banking Tenders
  • Transaction Banking
  • Working Capital
  • Foreign Exchange & Interest Rates: Treasury Management
  • Risk Management
  • Commercial and Personal Funding
  • Annual reviews, funding applications, documentation completion
  • Opening Bank Accounts
  • Connecting the right Bank & Specialists
  • Act as in-house banking experts for companies
  • Procurement Management

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We can help to:

  • Review and negotiate all Business and Commercial banking needs
  • Manage Banking Tenders
  • Choose and transfer to a new bank if that option is desired
  • Manage working capital and transaction banking to unlock cash and reduce fees
  • Structure International cross border trade facilities and transactions to suit
  • Identify and mitigating payment/receivable risks
  • Connect the right experts to support businesses opportunities
  • Implement Foreign Exchange packages to match value of the banking relationship
  • Review Treasury Management
  • Assess and Negotiate banking proposals
  • Add Transparency, offer insight, knowledge and experience on banking
  • Assist completion of Banks documentation to meet regulatory requirements 
  • Prepare shipping documents under export Letter of credit and collections
  • Review the Cash Conversion Cycle to identify ways to improve working capital to support growth

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BC4B supports Heart kids New Zealand   www.heartkids.org.nz

 

Calling Importers & Exporters- Managing Foreign Exchange Risk

Calling Exporters and Importers - Need A Hand Managing Your Foreign Exchange Risk?
Operating in offshore markets can offer growth and expansion opportunities. But you should also be mindful of the impact of potential currency fluctuations on your bottom line and cashflow.

BC4B provide practical knowledge and expertise to assist you in managing your foreign exchange (FX) risk.Benefits to your business include more predictable cashflows, less volatility in profits and more time for you to “stick to your knitting”. We do this by partnering you through the following steps:


Step 1: Identify your firms FX exposure and quantify the risk elements
We will have a chat to get a clear picture of the amount of exposure that your business has to FX movements, how it impacts your cashflows and the amount of time you spend managing FX risk.


Step 2: Determine some FX exposure goals
We then determine what you are looking to achieve regarding the management of FX risk. This involves thinking about the following questions:
• Are you looking to eliminate all foreign exchange risk?
• Do you want to protect against downside risk only?
• Are there ways to minimize your foreign exchange exposures?
• When should your foreign exchange exposure be hedged?


Step 3: Develop a plan
Once you have answered the questions in steps 1 and 2, we will develop a foreign exchange plan and tactics to implement it. For example, it may be that you fully hedge all forecast FX transactions within three months, and hedge 75% of forecast cashflows between four and six months etc. What we determine will be based on what you’re a looking to achieve.


Step 4: Put the plan in action and evaluate the results.
Once the plan has been put in place, we will then evaluate your progress towards managing your risks. Examples of tweaks to the plan include altering the hedging percentages and putting more attention into the FX cashflow schedule.
We can also review any existing FX hedging plan you in place, provide training regarding FX transactions with banks and provide guidance on appropriate FX treasury systems that may be required as your firm grows.
BC4B are proven independent and expert banking consultants providing practical support and advocacy to New Zealand companies in their dealings with Banks. We have branches in Wellington, Auckland and Christchurch supporting New Zealand business nationwide.


To find out more:
Phone: Phil Small on 027 914 243
Email: philip@bc4b.co.nz
Website: www.bc4b.co.nz

Healthy export transactions begin with expert check-ups

All export businesses, particularly SMEs, are subject to banking risk and restrictions.

A ‘health check’ can quickly identify potential risks and recommend appropriate solutions, says Jeremy Sprott, principal/director of BC4B Limited (‘Business Consulting for Banking’).


If you’re running an export business, no matter what the size, you should proactively manage your ‘bank risk’ by undertaking an independent review of your banking solutions and working capital facilities – to ensure you’re working with the optimal best fit.


“History has shown us that what may have worked in the past, or a particular proposition that was attractive at the time, may not be the case today,” explains Sprott, an ex-corporate and commercial banking manager with 25 years’ experience in trade and supply chain finance. “Export transactions are complex; managing cashflow, collecting payment on time and in full is critical, but an independent health check offers a sound governance and risk management practice to ensure export transactions are successful and profitable – and therefore ensuring sustainable growth for the business.”


BC4B has offices in Wellington Auckland and Christchurch, providing help and guidance for export SMEs nationwide as an independent in-house banking advocate.
The company supports the entire financial supply chain for export transactions.
“We add a lot of value around such things as unlocking cashflow, structuring contracts and method of payments – including working capital solutions that de-risk transactions,” says Sprott.


“BC4B maintains a collaborative relationship with all New Zealand banks to also help make their jobs easier when it comes to supporting their export customers.
“I’m talking about things such as applications/requests for new or increased facilities, annual reviews, structuring transactions, resolving problematic transactions, preparing documents under export Letter of Credit to ensure compliance, managing banking tenders, and being the conduit between client and bank to ensure an export deal is workable.
“The access to optimal trade finance is critical.”


Sprott says BC4B has a compelling proposition to tell. Now in its fifth year the company maintains a large and growing number of export clients – all engaging its services to their advantage. Sprott runs the Wellington office covering the Central region. Colleagues Jim Henderson located in the Auckland office supports the Northern Region and Colin Ross in Christchurch covering the South Island.

“We connect exporters to our network of experts where a need is identified to add value to the exporter,” Sprott adds. “This includes trade credit insurance, foreign exchange, freight and customs, essential software solutions to manage risk, and document preparation services.”

Problem solvers

BC4B also maintains close connectivity with a number of Government agencies and professionals, including the NZ Export Credit Office, to support transactions the banks cannot support or are in need of additional financial guarantee products to capitalise on contract opportunities or de-risk transactions.


“We basically solve problems for exporters and steer them in the right direction on all export transaction and finance related matters,” says Sprott.
Being ex-bankers makes all the difference, he continues. “We understand how banks work and how they think. We know the right people and we speak their language.


“We can find solutions that can save businesses money and time. In addition, we offer Client Services expertise to answer questions or solve problematic transactions or funding needs that banks have perhaps not supported to the customer’s satisfaction.”


On the freight and logistics front, BC4B maintains a strategic partnership with 360Logistics Group, who specialise in freight forwarding and logistics.
360Logistics, with offices throughout New Zealand, services the physical movement of exports and BC4B the financial supply chain. It’s a unique partnership delivering international trade facilitation and helping New Zealand exporters succeed.


De-risking your export transactions
Commercial and Business banking throws up a number of challenges and risks – add in complex export-related transactions, and the risk factor can be much higher.
That’s when experts like Jeremy Sprott, Jim Henderson and Colin Ross at BC4B, as your in-house banking advocate, can make a world of difference.


Contact Banking Specialists at BC4B phone:
Jeremy Sprott 021 655 760 or 04 568 1965. email jeremy@bc4b.co.nz
Jim Henderson 027 4808 247 or 09 280 4932, email: jim@bc4b.co.nz
Colin Ross 021 472 258 or 03 281 8593, e-mail: colin@bc4b.co.nz


For further information visit: www.bc4b.co.nz.