International Payments and FX providers Fexco will exhibit at the National Manufacturing and Supply Chain Exhibition and Conference 2020 which will be held at the Citywest Exhibition Centre, Dublin in 29-30 January:
The event is expected to welcome over 7,000 visitors will bring together an impressive line-up of manufacturing leaders, academics and government agencies who will engage in a stimulating blend of key note addresses and debates.
Manufacturing companies have significant currency exposure when importing materials and exporting the finished product. Fexco offers a range of FX services including spot and forward contracts and clients benefit from utilising its best in class services when making foreign invoice payments, receiving foreign currency and processing inter-company transfers to overseas subsidiaries .
As well as saving companies money on foreign exchange payments, Fexco provides a seamless payment solution which reduces administrative burdens and provides visibility into cash flow, so vital for the manufacturing sector. Speaking ahead of the event on the 29th January, Billy Farrell commented:
“In the manufacturing sector, supplier payments represent a significant percentage of outgoings. Business success and an efficient supplier payments process go hand in hand especially where an integrated supply chain is so essential for daily operations.”
Fexco’s receivables solution further allows exporting companies to invoice customers in their local currency thereby eliminating the need for maintaining expensive foreign currency accounts.
Despite the technological advances in recent years, many businesses are still mismanaging their international payments with outdated payment systems. As a result, businesses often experience interruption to the supply chain which causes tensions with suppliers and creates challenges with cash flow. The resulting time spent on administrative tasks due to poor processes can hinder business growth. Billy Farrell added
“Manufacturers can make great strides towards efficiency and growth by adapting a solution that accurately tracks payments. By doing so, manufacturing firms have a better view of money available in the business making cash flow forecasting easier. In essence, an efficient payments process allows businesses to inject more cash into growth strategies”.
If you are looking to conduct business in the global marketplace, Fexco will help you to avoid the high fees banks charge for currency exchange and cross-border transfers.
Benefits of Fexco’s International payments solution:
- Over 130 currencies including exotics
- Seamless, automated payment solution
- Bank-beating FX rates and low fees.
- Faster, safer payments to overseas suppliers.
- Secure online payments platform that tracks your payments
- Dedicated FX dealers and customer support.
Alternatively, for further information on how Fexco can help your business, contact Billy Farrell:
Phone: 087 9077714
or get a free quote for your international payment.