Global Commerce

As an executive involved in international business transactions, you need to easily and reliably obtain the information you need to assess the impact of foreign exchange on your business.

• You may be sourcing raw materials, manufacturing of other other services internationally. In this case, variations in foreign exchange can seriously impact your profitability. It can also impact your sourcing decisions. For instance, you may choose to have a certain batch of goods in a specific global location in order to take advantage of favorable exchange rates.
• You may be selling goods or services in a local currency but consolidating those sales back to your own local currency. In this scenario, increase or decreases in foreign exchange can dramatically impact your revenue and your bottom line.
• You may be needing to consolidate the financial numbers of multiple multi-national divisions or subsdiaries. In this case you need an accurate historical views of foreign exchange fluctuation so as to provide accurate and compliant reporting.

Your own situation may be even more unique than those listed above. But no matter what, to get your job done, you need to obtain reliable foreign exchange information.

Challenges

Unfortunately, obtaining this information can be challenging:

• Obtaining accurate currency exchange rate information can be complex and expensive. Relying on "free" data sources for business purpose is either illegal or presents a compliance risk.
• Integrating this information in your unique corporate business processes can be cumbersome. You may need be manually pulling data in spreadsheets, or you may be executing complex business processes to load the information your need into your corporate systems.

Solution

XigniteCurrencies addresses those challenges. With XigniteCurrencies, you can:

• Easily obtain accurate real-time exchange rate information on all world currencies.
• Pull exchange rate information inside Excel spreadsheets easily.
• Integrate forex information with any corporate application with minimum coding.

Click on the Learn More section on the top right to see if XigniteCurrencies is the right solution for you.