41% of Spanish companies seeking to internationalize are hesitant about managing defaults abroad.

 

In a global economic context marked by uncertainty and volatility, Spanish companies are showing a growing interest in expanding their horizons beyond national borders. However, a recent report reveals a worrying lack of confidence in their ability to manage the financial risks involved in Capabilities.

 

According to Intrum European Payments Report, an annual study that analyzes the financial health and payment habits of organizations in 25 European countries53% of Spanish companies plan to expand internationally in the next two to three years. This figure is slightly higher than the European average of 51%, demonstrating the dynamism and ambition of the Spanish business community.

 

However, this desire for expansion is tempered by concerns about the challenges posed by financial management in foreign markets. 41% of Spanish companies that are looking for internationalize admits to not being confident in their ability to properly manage non-payments or late payments from clients in other countries. This concern is shared at the European level, where 40% of organizations express the same concern.

 

"Managing non-payments abroad is a complex challenge that requires in-depth knowledge of the laws, business practices, and financial systems of each country," says an expert in international finance"Companies that are not prepared to face these challenges may see their liquidity and profitability compromised."

 

Another area that generates uncertainty among Spanish companies is credit assessment. 38% of organizations looking to expand internationally admit to having difficulties in this area. Credit assessment is a fundamental process for determining the creditworthiness of a client or potential buyer before offering them products or services on credit.

 

"The lack of information and adequate tools to assess credit risk in foreign markets can expose companies to significant financial losses," warns a risk analyst.

 

In addition to non-payments and credit assessments, Spanish companies also express concern about the complexity of international payments, currency conversion, and the use of unfamiliar payment methods. Forty-one percent of organizations admit to doubting their ability to manage these issues, a figure slightly higher than the European average (41%).

 

Uncertainty about compliance with legal and regulatory requirements in other territories is another obstacle that hinders the international expansion of Spanish companies50% of organizations express this concern, compared to 46% in Europe.

 

“Operating in markets with different regulations and legal systems can be a labyrinth for companies,” says a lawyer specializing in international law. “It is essential to have expert legal advice to avoid penalties and litigation.”

 

Finally, 45% of Spanish companies admit to not having the necessary tools to deal with the geopolitical instability and other risks associated with the international expantionThis figure is slightly higher than the European average (43%).

 

"Protectionism, trade wars, and political conflicts can create an unpredictable and hostile environment for companies operating abroad," explains a political analyst.

 

Given this situation, experts recommend that Spanish companies seek specialized advice and partner with trusted local partners to mitigate risks and ensure the success of their international expansion.

 

"Internationalization is an opportunity for growth, but also a challenge that requires planning, preparation and advice," concludes an international business consultant.