Do you understand the level of risk that your business is exposed to? We can help with a review of your current status and work with you to develop processes, strategy and controls.
Foreign Exchange Risk Management
Risk measurement
An assessment of the level of risk is required before creating strategic direction and policy. It is easy to to take no action in respect of either quantifying or assessing foreign exchange risk, nor hedging for fear of internal criticism for fixing rates. But inaction is a decision in itself and may expose your business to losses which impact on profitability and budgets. We will work with you to understand the risk within your business and the potential impact from adverse exchange rate movements.
Effective processes
We assess your processes relating to the management of foreign exchange flows, as well as client invoices you may raise where costs are incurred in another currency. We can reengineer your internal procedures to create a smoother and more efficient activity, and help ensure you achieve your business objectives.
Development of a hedging strategy
Once the level of risk is quantified, we work with you to develop a hedging strategy for your business, and to create relevant procedures. Or you may already have a policy in place and would like this to be reassessed and/or deals audited.
Price regulation
Banks may say that a conversion is free but it is not. There are hidden fees built into the rate quoted to you that banks would rather you did not know. We can review the rates provided by your bank, enabling price transparency, and negotiate on your behalf for a better deal. You may be amazed at how much you can save.
