No Matter Where Your Company Does Business Around the World, FX Volatility Plagues Every Finance Team
The perpetual challenge faced by finance teams worldwide stems from the unrelenting fluctuations in FX rates. Projections made at the start of the month often differ when it’s time to process international revenue due to these currency fluctuations. This creates a myriad of headaches for financial administrators:
- You shoulder an uncapped loss center on your FX revenue liability.
- You become responsible for losses and delays, which can impact a company’s ability to profit globally if money cannot move seamlessly across currencies and international bank accounts.
- You may overlook potential gains as FX gains are discounted as non-income if you win, so you may lose out on potential financial benefits that can enhance your company’s profitability.