CFO Best Practices
In this short cartoon we demonstrate why paying global vendors in dollars and not the currency of your seller could be costing you between 4-7%...
News
Croatia adopts euro from January 2023
You may have heard that Croatia will be adopting the Euro (EUR) from 1 January 2023. From this date, the Croatian Kuna (HRK) will no...
Rising fuel cost
Many of our blogs are relevant no matter what time of year we write them. Maybe we might have to amend an FX price or...
Debunking currency exchange confusion
You are a business that imports. Maybe, raw materials which you then turn into magnificent products that you then sell to U.S. consumers. It may...
How to increase your Days Payable
Would you starve yourself of food? Or oxygen? Or maybe of a good time? No, you wouldn’t. Or at least you shouldn’t! But you might...
An unexpected way to reduce lumber costs
As imports rise, foreign exchange issues are adding more cost. Fortunately, there’s a way to mitigate that cost. The building industry, including offsite, is using...
Why ask for a quote in your vendors currency?
It’s a traditional approach to pay foreign suppliers in USD. Maybe you’ve always done it this way, and to your knowledge, it works out just...
“I’m Too Busy!”
The comment we hear time and time again from the finance folks at businesses that import is…. “I’m fine with my current provider” This might...
Cheaper, Faster, Better
Late 2020, the Financial Stability Board (“FSB”) and the Committee on Payments & Market Infrastructures (“CPMI”) published their roadmap to enhance cross-border payments, and then...