Eliminating the level of loss in the company by securing currency transactions, i.e. a savings policy based on personalized transaction monitoring
Financial competences of people supported by digitization of processes on the basis of the ERP program
If the annual financial costs in the profit and start account are as much as 30% of your net profit, it is worth taking a look at the financial processes in your company.
The optimization of financial activities related to currency transactions can, at a low cost, bring about real changes in the ordering and monitoring of transaction activities, and thus also specific profits.
A policy based on the management of individual transactions on the scale of all currency transactions and based on access to real-time data is your company’s policy to secure the transaction and eliminate losses.
Haven’t you implemented such a savings policy yet?
How much can you gain annually – a case study
The Internet is swelling with various substantive studies on the optimization of financial processes in the enterprise. It’s worth getting to know them, but how to implement them in your own company and how to find time for it in your operational activities?
Our customer MARTEX from the automotive industry, dealing in the sale of parts for trucks, trailers and buses has been operating on the Polish market since 1992 and today operates in 30 branches throughout the country.
The commercial offer is an assortment of nearly 400 reputable manufacturers and suppliers with the availability of approximately 75,000 references, based on the analysis of customer needs. In addition to business, the company works for the environment and society, provides support to public benefit organizations and local communities, and supports sports activities of employees.
The company is profitable, despite the fact that financial costs represent a significant value, and the vast majority of these costs are related to currency fluctuations.
Grzegorz Nosiadek, President of MARTEX Sp. z o.o.
The company noticed the need to:
-organization of knowledge about currency transactions in terms of transparency of presentation of financial results
-optimization of transaction processes related to currencies
-increasing profit in the company.
The individual approach of Exchord to the needs of Martex Sp. z o.o., combining theoretical knowledge with practical experience in the world of currencies and the belief in the substantive knowledge of our experts, which we present on our blog, at webinars, presentations and during direct contacts.
In addition to substantive knowledge, the key value that ExChord provided to the client is the idea of satisfying the needs regarding financial processes in the company.
And so, after the consultation stage, ExChord prepared for the Company a personalized REPORT for making decisions on currency transactions, based on its own financial data presented in real time, which is the basis for making financial decisions.
Tidying up is always a lot of work, but the effect is worth the profit or minimizing the loss from smart decisions about currency trading.
Real-time financial monitoring …
Real-time monitoring of foreign currency transaction receivables, in relation to the open currency position and the financial collateral made, was the key to the company’s success in making the right financial decisions and, consequently, in reducing losses related to the exchange rates in the enterprise.
Preparation of the process and the REPORT for monitoring required close cooperation with the client, involvement of his resources (accounting, programmers) as well as Exchord’s know-how and experience in currency risk management.
Thanks to such cooperation, the financial processes related to currency transactions in the company are adapted to specific business conditions.
…. plus making the right financial decisions brings additional profit
The exchange of experience and knowledge between Exchord and the client, establishing a new, comprehensive method of making financial transactions in the company based on real-time data, combined with decision-making mechanisms consisting in securing the currency position of the transaction, using modern technologies, allowed our client to enter the advanced area of financial management in company.
This new area is not only the constantly updated financial situation of inflows and liabilities, but in relation to the open currency position, the possibility of defining transaction collaterals, which as a result brings additional savings for the company.
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ExChord will calculate how much money your company will gain thanks to real-time monitoring of transactions and securing currency transactions