No global company can escape currency volatility risk and every company needs an effective currency risk strategy. We look at five of the best foreign exchange management practices for CFOs.
For companies, managing FX risk in a volatile marketplace is truly a team effort—one that requires effective collaboration across all levels of the organization. We analyzed the market and looked at key FX considerations and best practices across different teams and departments - from senior management to the many specialists working beyond the C-Suite.
As with the other roles examined in this series, the integrity of multi-currency accounting is being tested by globalization and economic instability. This installment in our blog series examines the challenges of determining functional currency rates and how corporate accountants can focus on centralization and clarity to strengthen their efforts.
Cash flow analysts deal with more variables than they ever have before – and, more often than not, do so with antiquated methods. In the following article, we will focus on discussing how a few small changes – namely around the automation of FX rate data and knowledge of local operations – can make a major difference for corporate treasury departments.