Companies that do business internationally, are often exposed to foreign currencies. Ranging from import/export of goods and services to payroll and investments the fluctuation in currency rates can have a dramatic effect on a firms’ bottom line. Today, processes for handling currency risk are manual, time-consuming, error-prone and subject to a high degree of guesswork. As a result, billions of dollars are lost each year.
Monetor solves the problem by integrating with your ERP or accounting software and using rule-based decision-making. Monetor automatically reads your currency data, tracks this against the live market rates and helps to implement a bank agnostic currency plan based on your business requirements by returning a simple call to action.