![]() With the onset of financial technology, new vistas have opened for both invoicing and managing currency exposure. Diminished cash flow due to high transaction fees.Loss of profits as currency volatility eroded the value of the funds on hand.Time delays and restrictions surrounding transmission/receipt of funds.Inconvenient delays in access to deposited funds.As the only option, that banking arrangement posed the following challenges: Receiving invoice payments in multiple currencies previously required a brick-and-mortar overseas bank account. ![]() Receiving Payments and Invoicing in Multiple Currencies For example, does it make more sense to bill in your local currency or your client’s?īased on the foregoing and depending on which solution you select for receiving payments, you need to outline a workflow that optimizes profits and minimizes risks.
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