How a specialised currency provider can help manage risk

No two businesses are alike. Every company in every industry has distinct workflows that are prone to unique currency risks. Maybe your unusual payment schedule leaves you exposed to wildly fluctuating currency rates, or maybe the sheer quantity of different currencies in which you accept payments makes it difficult to predict your sales margins. 

Whatever it is that makes your company’s foreign exchange challenges unique, a currency strategy, developed with the help of a knowledgeable Global FX Specialist, can help you overcome them. But how do you know if you have the right Global FX Specialist on your side?

Your specialist will help you develop a strategic plan that’s as unique as your business

A good Global FX Specialist will work with you to develop a strategic plan that can help you not only avoid currency risks but also time your transactions to make the most of market conditions.  

At Firma, our customers are assigned a dedicated Global FX Specialist from day one. That means that, as your business grows and evolves, your currency specialist will be right there with you, helping you navigate the currency market. With the right Global FX Specialist on your side, you can rest assured that you have the information to be as protected as possible from the volatile market movements that can negatively impact your business. 

Your specialist will educate you on the best payment solutions

Education is half the battle when it comes to protecting your business from the different currency risks you face. The best Global FX Specialists will take the time to educate you on the different payment solutions available to you, and the implications they have in terms of cost and time.

At Firma, we pride ourselves on helping our customers make the most informed currency decisions possible. We also have access to a wide range of payment solutions—from forward contracts and market orders, to locally domiciled accounts in many countries, electronic fund transfers like SEPA (Single Euro Payments Area) and more—ensuring you’re making the right decision for your unique business.

Your specialist will watch the global currency market on behalf of your business

Your unique business operations will dictate the types of currency fluctuations that matter to you. Keeping abreast of the geopolitical and economic events that can impact foreign exchange markets in the regions in which you do business is crucial to your success—and the right global currency specialist will remain versed in those affairs.

At Firma, our Global FX Specialists keep an eye on the market so you don’t have to. Your specialist can help you put in place effective strategies to minimise your exposure to risk, while constantly looking for ways that your business can leverage the foreign exchange market.

Your business is unique, and your foreign exchange strategy should be, too. The right Global FX Specialist can of help you create a strategy to manage and overcome the most pressing currency risks facing your business.

Speak with a Firma Global FX Specialist today and see how a personalised service can help your business grow.

[-] Back

Next Post: The greatest foreign exchange challenges all import/export businesses face Previous Post: How Small Business Owners Can Think Even Bigger