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Make foreign exchange a part of your business strategy

Tim Sheehan • March 13, 2019

Change management, business management and cost reduction companies are an important part of the strategic process adopted by companies. Either contracted to write a strategy, deliver on one that has been unfulfilled or to evaluate where improvements can be made, these consultants are tasked with making a positive contribution to any business.


These organisations inject fresh thinking into a business looking for areas for improvement from management and leadership to sales and marketing through to performance improvement and cost reduction.


Whether writing or delivering these strategic plans, one of the areas we would urge these business experts to look at is foreign exchange.


If your client’s business is involved in any sort of international trade then the likelihood is that they will be involved in the exchange of foreign funds and this means dealing with currency risk every day, which can have a dramatic effect on all parts of the business.


Often businesses will simply turn to their bank, but with no real help in the hedging of currency risk, least of all if you are an SME, many of these companies will forfeit the chance to hedge and be safe.


This is an area when business management and change management consultants can immediately help their clients save and make more money.


We continuously strategise with businesses to help best manage this risk and produce a positive outcome rather than ending up each year with a foreign exchange loss on their profit and loss.


We charge nothing for us to come and analyse what improvements can be made and to identify where sometimes huge amounts of money can be saved.


Do please make contact if you think we can help.

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