Expert in international financial management - “Like a bridge over troubled water”

Haim Ratzabi
Oct 16, 2022
2 min read

Whether you are an established company exporting physical products outside your country or you are a SU company selling services , you should be able to adopt processes and control fit to the global changing world. You as a CEO/ founder should have a financial expert that can lead you “Like a bridge over troubled water”.

So what does it mean to be an expert in international financial management?

Bridge the Cultural Gap - you must have the ability to communicate and build a solid business relation with your colleagues around the globe, global customers / suppliers, local advisors, and foreign legal advisors. Best practice business English, e-mail correspondence, understanding the relevant terms used in your specific field of expertise.
Building relation with global bankers - understanding the international banking commercial structure, trade, loans, commercial credit, letter of credit etc. Using a global cash flow control system under local (subsidiaries) regulations.
Tax - Understanding the basics tax rules and regulation of the local entity (subsidiary). Building optimal tax structure - transfer pricing study, withholding tax, specific tax treaty.
Sales/ contracts - Understanding the structure of international agreements, deal flow / sales structure and the specific local limitations.
Process, control and ERP systems - Building of processes and procedures using an ERP system (Cloud) in order to control and unify the reporting in the different entities.
International Accounting Rules - Working with US GAAP/ IFRS - financial statements, TSE , Nasdaq, local regulation rules.
Management Control - management of local staff, building controls over accountants, managing directors and service providers from other countries.
Revenue recognition - understanding the revenue recognition elements in the different regions / operations. GAAP/ IFRS revenue recognition rules.
Multi-currency operation - Building collection / payment models in accordance with the Company's reporting currency. Using hedging structures in order to minimize currency risks.