I have installed ExChord application over two months ago. It really helps me to sort out my actions related to currencies. I used to forget about payment deadlines for the Italians while the currency exchanges were taken over the exchange rate of the day I was making the overdue payment. Usually it was higher than I expected. Now, it is so much easier for me to control currency transactions and keeping deadlines. I recommend this application to all of those who lacks of time for important matters.
Application helped me in an easy way to judge if I am under or over budget. It shows me how much currency I should buy to make my business safe. ExChord is an easy solution to currency risk management in our company.
ExChord application gives me live information on how much currency I need at the moment. I don’t need to analyse anything from the scratch: I know instantly how much currency I need to buy in order to reset original stock level. Plus, with good management, you can work out a real Extra-profit or protect yourself against Extra-loss.
ExChord demonstrates professional knowledge in the area of currency risk, which we are working on together. Plus, the company demonstrates commitment to the proposed tool and makes sure it fully meets the needs of SKB Drive Tech S.A.
All of the business of The Polish Automotive Group members are based on international cooperation (such as: import of raw materials and semi-finished products, export of services and finished products) and that is why they are particularly exposed to changes in exchange rates.
ExChord solution allows to minimalize the risk and that is why it fits theirs needs perfectly.
This application won’t make a decision for you but as a genius tool it will tell you, at any point needed, what is your current financial position. Most of us doesn’t have time to analyse currency situation over and over again. Thanks to ExChord I am able to make my decisions efficiently because I instantly know consequences of my moves. Any time I need, I know how my currency actions will affect whole business balance.
It is hard today, to think about development without international contacts. That is why each company eventually faces a situation of numerous transactions with foreign companies. ExChord application is able to not only sort such data but represent currency actions in a use-friendly way. What is most important, it is able to minimalize currency risk related to exchange rates in for example long-term transactions.