Companies that make international payments or receive them say their biggest concern is the level of information they have about such payments. A recent survey by Travelex, the foreign exchange specialist, shows that 26% of companies cite delayed confirmation of international payments or receivables, while 20% say they're troubled by the lack of visibility on international payment and receipt schedule. Another 15% of the companies say they're not prepared for possible fluctuations in exchange rates, while 12% say it's difficult to manage international payments.
The Travelex survey of 700 senior finance executives who are Treasury & Risk subscribers found that 72% either make or receive international payments. On average, the companies surveyed have 21.4 foreign currency accounts.