F ID I N E WS YOUR HEALTHCHECK ASSESSMENT The new financial assessment from FIDI is designed to reduce risk for Affiliates. Cedric Castro, Managing Director at AGS Movers, explains the benefits should ensure that all the required documents have been prepared, including clean, audited financial statements. FF: What are the benefits of the FAIM standard? CC: There are a number of benefits, including: 1. Reduced risks by using experienced partners that apply consistent and thorough processes, so you can minimise the chances of expensive mistakes. 2. Guaranteed quality from beginning to end. All FAIMcertified relocation companies offer: l Pre-move survey and a reliable quote l Packing l Shipping/transportation l Documentation/customs clearance l Storage l Delivery l Insurance. 3. Consistent standards across a global network. FAIM accredited companies primarily use other FIDI-affiliated partners, ensuring that your entire move chain adheres to strict quality standards. 4. Accurate assessment of cargo and fair pricing. The experience of FAIM-certified movers means that they will be accurate with their assessment of the cargo, and can advise you on what to ship and what to leave behind. By recommending a volume or weight band that suits your needs, a FAIM-certified mover is able to help you make the best use of your budget. This way, costs are kept to a minimum, and there will be no hidden expenses at the end of the relocation process. 5. Helps you make a better choice. The FAIM framework includes key performance indicators, helping corporate buyers and global mobility professionals make a quick and meaningful comparison between prospective suppliers. CEDRIC CASTRO, MANAGING DIRECTOR AT AGS WORLDWIDE MOVERS FF: What is the new FIDI FAIM financial assessment? CC: FIDI is in the process of implementing a financial assessment to monitor the financial viability of its members. The assessment will be conducted by EY overthe next two years as a pilot programme at no cost to Affiliates and with complete confidentiality from EY as far as the use of thedata supplied. After two years, a financial summary willbe given to the FIDI Board and FIDI Associations for themtoanalyse the results and decide whether or not topursue the financial assessment and make it part of theFAIM certification process. FF: What are the benefits to Affiliates of having this financial assessment? CC: It will determine the Affiliate firms financial health and stability. The assessment will give an understanding of how it conducts business, and will inform its business strategy and decision-making to ensure future profitability, current and long-term solvency, and operational efficiency. FF: What are the benefits to the wider industry? CC: Affiliates that have undergone the assessment will reassure partners and customers that they are dealing with a financially sound firm, which means reduced risk. FF: Do you have any advice to Affiliates before supplying their documents for the financial assessment? CC: Companies undergoing the financial assessment 28 FF290 pp28-29 FIDI News Cedric interview.indd 28 6. From an end customers point of view, a FAIM certified company gives the person who moves confidence that the company knows the business and has the resources and know-how to do the job properly. FF: What would the FIDI network look like without it? CC: Moving with a FAIM certified company gives confidence and surety that it has the resources and know-how to perform a successful international move. The standard ensures that the same premium-quality measures are enforced around the globe. When choosing to move with a FIDI FAIM certified mover, you are choosing a brand that is synonymous with quality. FIDI FAIM DEDICATED TO THE MOVING INDUSTRY To be FAIM certified, a company has to comply with more than 200 quality requirements covering every aspect of the administration and performance of an international removals company including facilities and equipment, staff knowledge, financial stability, legal compliance, documentation, insurance and risk management. FAIM is the most rigorous quality certification programme dedicated exclusively to the international moving industry. WWW. F I D I . OR G 13/03/2019 11:41