Companies of all sizes are increasingly looking for growth beyond borders. In order to succeed in the international marketplace, you need control and flexibility in your cash flow. That means clear visibility into your accounts as well as cash management and liquidity structures that maximize access to funds and liquidity solutions in different local and regional markets and in multiple currencies.
Companies of all sizes are increasingly looking for growth beyond borders. In
order to succeed in the international marketplace, you need control and flexibility
in your cash flow. That means clear visibility into your accounts as well as cash
management and liquidity structures that maximize access to funds and liquidity
solutions in different local and regional markets and in multiple currencies.
I’m Dona Zwirnmann, Senior Vice President and International Cash Consultant for
Exactly what tools will best help you manage your international cash flow?
Multicurrency accounts, multi bank reporting capabilities, multibank transfers
and introductions and support with international financial institutions and trading
partners are essential. These tools should be available through a robust online
portal that makes transactions easy, transparent and accurate.
Multicurrency Accounts hold a single foreign currency instead of U.S. dollars. They
help you maintain control over foreign currency cash flows through your online
portal. They facilitate foreign cash flow through check or wire deposits and wire
disbursements in the same currency or cross-currency.
Current and previous day reporting improves control over cash flow by providing
U.S. dollar-equivalent balances. Ad Hoc Rate Analysis can help you understand
the implications of movement in exchange rates. Disbursement Capabilities can
automate outgoing wires.
For example, one client uses multicurrency accounts to hold euros rather than
converting them to US dollars. This tactic mitigates his FX risk and saves the
company money. (Pause, change in thought)
A surprising number of companies still rely on infrequent manual monthly reporting
by in-country personnel to keep track of international multibank transactions and
Multi Bank reporting through your bank’s portal provides a highly accurate
alternative. You receive a consolidated view of balance and transaction activity for
all of your international banking relationships through a single interface leveraging
the SWIFT network.
You need to move money between your international bank accounts quickly,
clearly and efficiently. The right kind of multibank transfer mechanism can enable
authorized users to initiate a request through a web portal for funds transfer via
wire to and from selected bank accounts via SWIFT.
This will enable you to :
Knowing the individuals and organizations you do business with is essential to
success when doing business in foreign countries. Ask for referrals and tools to
help you choose and develop business relationships that will help you meet your
Your bank should be able to help navigate the complexity of opening foreign bank
accounts, make appropriate introductions, overcome language barriers, fulfill
documentation and other requirements and serve as an ongoing liaison with your
foreign financial institutions.
Success in the international marketplace requires maintaining the right amount
of cash at the right time in the right currencies and having mutually beneficial
relationships with your trading partners. For more information on international
cash flow solutions, please contact me using the information on the next screen.
Thank you for your time and attention.
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China: Finding opportunity in recent changes
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China's offshore RMB market: Impacts for foreign companies
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