Managing Open Accounts South of the Border

Conducting business with companies located in Mexico makes some AR managers sweat. An unfamiliarity with regulations (or lack thereof) combined with the hyperbolic media image of a "lawless" Mexico make the risk alarm go off in even the most liberal of credit and collections managers. But how much of this anxiety is justified? The truth is that while much of the apprehension is unwarranted, there are real risks involved with extending credit to companies located within Mexico. One of the…