Purchasing departments have got into the habit of favouring contracts in euros with non-eurozone suppliers, meaning they have to pay management costs that are not always justified and can run, every year, into the tens or even hundreds of thousands of euros.
[Expert view] Purchasing departments need to retake control of their currency transactions
International payments, foreign exchange risk: could a fintech be the ally of tour operators?
For 50% of financial directors, the erosion of margins represents one of the challenges for 2019 (Gartner), while for 73% of them, the priority is to ensure their treasury forecasts for this year are reliable (PWC). In the tourism industry, where companies are exposed to foreign exchange risk, these...
