News

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...
Best Practices for Importers
Many importers are paying for their goods and raw materials in U.S. dollars and not the currency of the vendor, therefore often overpaying by 4-7%....
Managing Non-G7 Currencies: Why paying in local currencies could benefit your business
According to a report by McKinsey & Company, “flows of goods, services, finance and people have reached unimaginable levels.” The study claims that by 2025, global...
What “The Service You Deserve” Really Means
To many business professionals, the world of foreign exchange can be a bit, well, foreign. There are lots of moving pieces and parts and they...
Hedging Strategies & Solutions For Risk Averse Companies
The COVID pandemic impacted our economy significantly in 2020 and throughout most of 2021 – well, that’s kind of a redundant comment. As we begin...