Boomerang Carnets Launches New Webinar for CFOs

Learn How ATA Carnets Increase CASH FLOW

Boomerang carnets® presented a concise 30-minute webinar aimed to assist CFOs looking for ways to save, grow, and increase cash flow. One way is by using ATA Carnets to avoid payment of import-duty and -tax and therefore eliminate overseas deposits on temporary exports.  Led by Curt E.H. Wilson, President and CEO of boomerang carnets, with guest speaker Declan Daly, Senior Vice President and CFO of the United States Council for International Business (USCIB), and moderated by Kiel Ursin, Carnet Specialist, and presenter for boomerang carnets.

Well-attended, the webinar imparted theTop of Form tremendous financial management potential and cost saving features of the ATA Carnet, an internationally accepted customs document for temporary exports, also known as the “Merchandise Passport”.  Declan Daly framed why the information presented about the ATA Carnet is of vital importance to all CFOs to know and implement, immediately.   

“Last year when the pandemic first hit, companies with cash reserves at the time were able to survive and those without cash reserves, were not.  Cash reserves and liquidity became more important than ever.  When we look at the tools that we can use as CFOs today to manage our cash flow and to avoid having cash unnecessarily deployed overseas as deposits, the use of the ATA Carnet with its tremendous financial management potential is essential.”

Topics covered were:

• Cash outflow reduction
• Cost controls - cost saving features
• Create positive cash flow
• Administrative cost reduction built in

Curt E.H. Wilson, with 35 years of experience in the field of trade and ATA Carnets, shared the growth potential and built-in stability ATA Carnets provide businesses. 

“With savings of the import duty, the import tax, and VAT, on temporary exports using ATA Carnets, you eliminate those costs as well as gain the flexibility of entering goods into multiple countries with one Customs document.”

As a tool for savings and growth, he also unpacked a case study illustrating the savings potential for one company in the millions of dollars. 

If you would like to view the recording of this webinar, please go to https://youtu.be/1aitcXVIaX8 or https://vimeo.com/630290913.  Boomerang carnets will continue to present information vital to CFOs in continuing webinars expanding more on this topic. 

To receive periodic updates about ATA Carnets, subscribe to our eNewsletter: Exportise.