Category: Corporate

Managing the Risk

Many exporters do not have to run the risk of currency fluctuations. They charge invoices in their own currency leaving all of the risk to the importer/buyer.

But what are the options when a buyer wants to pay in their currency?

How can I break into a tough market?

There are ways we can help you be pro-active in tough times and markets.

The biggest issue we come up against with our clients is quoting for business.

Exporters trying to break into new markets will find not only local providers as competition but also more in-country established companies.

You may be providing a cheaper quote but the concerns of currency movement can put some buyers off. They do not neccessarily want the added concerns and inconvenience of paying an invoice in another currency.

But there are ways to quote in your client’s currency AND minimise the risk to you and your business. In fact you may well improve your profit margin.

We can show you ways of competing in tough markets, taking the currency concerns away from your potential new client.

To do business, we need to make it as easy as possible for our clients to say yes.

Quoting in their local currency and taking away any concerns for them is a big step to getting that yes.

Speak to us today about how we can help you and your export business.

Contact us here

Unprecedented Times

If nothing else this pandemic has shown us how quickly the world economy can change. These are truly unprecedented times. People and businesses have had to change with it.

We have seen the leisure and tourism sectors decimated and with no end in sight who knows when they will be anywhere back to normal.

It would seem many companies will struggle to survive this and the cost to human life will never probably be truly known.

Companies large and small are having to look at ways of saving and making money in these unprecedented times.

More details on the effects of the pandemic on the economy can be found here.

As a service provider we can help on the saving side. Making sure our clients pay as little as possible for the service we provide.

We have always been here to work alongside our clients, through good and bad times.

And we intend to do that.

From a personal point of view, our business hasn’t been too badly affected.

Most of the time we work from a home office environment and our clients are spread around the world.

The most significant part for us though is overheads.

We do not run a large team.

We do not have expensive offices in the centre of London.

Our overheads are low which means we can still offer the same highly competitive rates of exchange. We do not have to factor in losses to make up for lost business and high monthly bills.

What we do offer though is

A bespoke service

Direct access to a dealer

An online platform

A full range of major currency pairs

A full range of financial tools for planning and timing of payments, such as Forward contracts.

Partnerships to work on tougher areas such as China.

We are here for the long haul, looking to build long lasting relationships without the need for expensive offices.

Feel free to contact us to see how we can help your business through these tough times.

info@ajpcurrencysolutions.com

To open an account with us please click on the following links:

Corporate

Individuals

Tech Startups

Over the years we have helped many import/export companies paying for goods overseas realise competitive exchange rates and provide them with the tools to plan and budget up to 12 months in advance.

Tech companies, and startups in particular require a different strategy, more often than not these startups begin in the back bedroom as a flash of inspiration or an epiphany. Initially all the work is on building a program or an app but then suddenly everything explodes, seed money comes in, work is contracted out to programmers around the world and offices begin to spring up.

As with most businesses in the early expansion phase everything gets done as and when someone thinks about it or it is demanded.

It can sometimes be a while before a designated Finance officer or CFO is recruited, by this time so much money could have been wasted in unnecessary costs and fees from banks, not alone poor exchange rates.

For many tech startups there is usually substantial use of US dollars but if your tech company is based in Europe you may well find that you are forever changing Euros to Dollars and vice versa, whereas using the facilities within a currency company the US dollars could sit in an account until needed so as not to be penalised twice for converting when there is no need to.

It’s true that it is possible to open multi currency accounts with your bank but these can be expensive and in the early months and years there may not be the resources nor the need to have these in place.

You should be using all of your energy and concentration on growing your startup from an idea.

We are here to help from the beginning of your journey through to the realisation of your dreams.

Feel free to contact us to see how we can add value to your startup.

Contact us:

info@ajpcurrencysolutions.com

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