If you make or receive international payments, using a money transfer provider as opposed to your bank can help you run your business better and improve your overall cash flow. Your provider can do much more than simply beat your bank’s foreign exchange rate.

In what ways will using a money transfer provider help my business

If you are used to using your bank to make your overseas payments, consider using a money transfer provider who can:

• Beat the rate your bank offers you, meaning more money for your business
• Provide hedging and forward products to remove future exchange rate risk, meaning better budgeting for your business
• Provide you with automated payment systems making multiple foreign payments much easier and saving you and your finance team time
• Provide you with a dedicated account executive and specialist currency team to advise your business directly on your unique foreign exchange needs

With all these factors combined, you can improve the cash flow and simplify the financial management of your business. All you have to do is use FXcompared to choose a money transfer broker and away you go!