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.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.