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Boomerang Carnets Shares Strategies for CFOs

Friday, June 10, 2022

Why This Information Should Be Important to CFOs Explained in Brief Recorded Webinar

Boomerang carnets® recently hosted a 30-minute webinar, “CFO Exclusive – Unique International Trade Tool Eliminates Overseas Deposits.”  Watch recording.  It was developed exclusively for CFOs on the financial management potential and cost saving features of the ATA Carnet or “Merchandise Passport.”  The ATA Carnet is an internationally accepted customs document that allows temporary importation of goods and merchandise into 87+ countries and territories import-duty and -tax free for up to a year.

Experts Curt E. H. Wilson, President & CEO of Boomerang Carnets, Declan Daly, Senior Vice President & CFO, the United States Council for International Business, and Kiel Ursin, ATA Carnet Specialist, Boomerang Carnets, laid out the benefits of ATA Carnet use from a CFO perspective. The first and foremost benefit being this unique international trade tool’s ability to reduce or eliminate “overseas deposits” and the costly wait for foreign duty recovery.   

Also on hand was Mike Host, Boomerang CFO for 20+ years, who encapsulated the top three concerns of CFOs:  

  1. Cash conservation
  2. Exchange loss avoidance  
  3. Reduction of administrative complexity and the costs of administration

Many companies continue to be in survival mode since spring of 2020.  Companies who temporarily import goods, merchandise, or equipment into foreign countries without the use of an ATA Carnet are tying up cash on deposit in foreign customs services. That is one of many costs without an ATA Carnet.  
The recorded webinar reveals how to increase cash flow using ATA Carnets for your temporary exports while reducing costs, expanding internationally, and growing your business.  A lively Q&A follows the presentation with an insightful and useful exchange of information.    

The recorded 30-minute webinar, “CFO Exclusive – Unique International Trade Tool Eliminates Overseas Deposits” can be viewed on the boomerang carnets | ATA Carnet You Tube channel.

Take advantage of this opportunity to learn:

  • How to benefit from the financial management potential and cost saving features of the ATA Carnet
  • How to identify opportunities where you can save money
  • How to recognize the risks of not using a carnet
  • How to reduce your upfront costs
  • How to identify and evaluate opportunities to improve the efficiency, accuracy, and security of your company's international business process and duty management program
  • How to apply the benefits of carnet use to your business

The information in this recorded webinar clearly and concisely explains to CFOs why this should be important to you. 

If you have questions about ATA Carnets and the many benefits they offer, call us.  Boomerang’s Carnet Specialists offer expert customer service and are here to assist you 24/7.  Just call the Carnet  HelpLine® 1-800-ATA-2900 |1-800-282-2900 or email us.  Also, if you want to ship by cargo, Boomerang has freight forwarder partners who can deliver your carnet to you, as well as handle your freight.  For ATA Carnet news and updates subscribe to our eNewsletter: Exportise.