FX Gains and Losses and Balance Sheet Hedging
Most businesses that trade internationally have FX gains and losses in their accounting systems and, if they are material enough, in their statutory reports. Their accountants often shy away from...
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5 ways to untangle the accounts payable process and eliminate stress
In the intricate web of business operations, the finance team often remains in the shadows when it comes to process enhancement and technological upgrades. Nevertheless, their role is pivotal in...
5 trends changing international business payments
International business payments can be a time-consuming and stressful task. Luckily, technology never stands still, and modern apps can improve your productivity, remove mundane tasks and simplify...
Efficient currency management for Accountants and their clients
Small and Medium-Sized Enterprises (SMEs) are increasingly venturing into international trade. However, navigating foreign markets can be daunting, leading to unexpected costs and risks. Many SMEs...
Beyond hidden fees: a closer look at SMEs' £5.6 billion loss
Last week a group of 15 well-known fintechs, including Wise, Klarna, and Revolut, called on the UK government to "stop hidden fees in cross-border payments once and for all". They estimate that...
How successful CFOs help their businesses manage international growth
Lessons from working with ambitious global companies, big and small - by Alex Axentiev.
As companies expand and venture into international markets, they encounter a host of challenges. From...
Managing FX risks with Budget rates and hedge ratios
Businesses that trade internationally often must plan to protect their cashflows and profit margins from currency swings in coming months and quarters. For many experienced finance managers and...
Tantalising allure of “experts” for your currency needs
Would you trust a stranger with your finance decisions? Many businesses trust someone who barely knows their business because of their perceived “expertise" in currency markets. Hounded by daily...
Five myths about foreign currencies that small businesses often have
Myth: Managing currency risks is not for small businesses
Fact: Businesses of ANY size that trade internationally may benefit from currency management and an increasing number of small businesses...
Potential savings from booking FX rates early
Imagine the world where hotels or airlines only allow you to buy their services when you're about to use them and room rates or ticket prices fluctuate all the time. Otherwise pleasant anticipation...