Corpay Cross-Border Launches Risk Visualizer, Transforming FX Risk Management

Rhea-AI Summary

Corpay1, a FLEETCOR brand, has launched Risk Visualizer, a solution designed to transform foreign exchange risk management. It helps business and financial managers monitor currency exposure and make well-informed hedging decisions. Risk Visualizer automates and streamlines the process of generating real-time analysis of potential FX risks and provides a list of risk management instruments. It is already being used by small and medium-sized enterprises in North America and Australia.

A game changer in visualizing FX risk exposure through automated assessments, Risk Visualizer can help enhance operational efficiencies and facilitate informed hedging decisions

TORONTO--(BUSINESS WIRE)-- Corpay¹, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is excited to announce that Corpay’s Cross-Border business has launched Risk Visualizer, a revolutionary solution designed to transform foreign exchange risk management, enabling business and financial managers to monitor currency exposure – and it can help them make well-informed hedging decisions.

In an era of growing international business activity, the management of foreign exchange risk remains a formidable challenge for organizations. Many experience complex issues stemming from decentralized invoice settlements, unclear cashflow trends and a lack of data-driven payment reconciliation, leading to a disconnect between payment processes and currency risk analysis.

“We’ve spoken with many CFOs and one thing is clear - currency risk management challenges are an extremely common pain point for them,” says Corinne MacMillan, Chief Product Officer, Corpay’s Cross-Border Solutions. “Many managers grapple with the manual maintenance of Excel or PDF reports for transaction data. This lack of real-time information can significantly impact hedging decisions and, consequently, profitability. Risk Visualizer was developed to automate and streamline this burdensome process, potentially saving organizations both time and money.”

The streamlined interface of Risk Visualizer combines customizable input parameters, integrated foreign exchange rates and personalized hedge thresholds. Based on the user’s entry of cashflow data per session, algorithms will generate an in-depth analysis of potential FX risks and list of commonly used risk management instruments. This provides organizations with the flexibility to apply hedges or implement the risk management solutions that they choose by executing directly from the Risk Visualizer dashboard.

Risk Visualizer is already making waves among its beta clients, primarily small and medium-sized enterprises across North America and Australia. These early adopters have recognized the immense value of the solution in helping them overcome growing pains and rely less on excel spreadsheets in their currency risk management strategies.

Key potential-benefits of Risk Visualizer noted by this group include:

• Simplicity: Simplify and optimize cashflow operations with Risk Visualizer’s user-friendly interface.
• Tailored input: Customize cashflow inputs flexibly, based on the user’s unique business requirements.
• Flexibility: Apply system-generated spot exchange rates or set custom budget rates for risk exposure analysis.
• Real time information: Get personalized and updated FX risk exposure summaries in real time.
• Personalized strategy: Take control of your risk management strategy with personalized hedge benchmarks.
• Effortless risk mitigation: Proactively view and book risk mitigation strategies in line with selected time horizons, directly from the platform.

“Our vision is to make currency risk management more accessible and efficient for businesses of all sizes. With Risk Visualizer, companies can obtain real-time analysis and make well-informed hedging decisions in one platform,” said Mark Frey, President, Corpay’s Cross-Border Solutions. “Looking ahead, we will continue to focus on innovating and advancing our cross-border payments and currency risk management solutions, in an effort to benefit our customers’ operational efficiency as well as their bottom line.”

For more information about Risk Visualizer and the benefits it can provide, please visit https://cross-border.corpay.com/risk-visualizer/ .

About Corpay

Corpay is a global leader in business payments, helping companies of all sizes better track, manage and pay their expenses. Corpay provides customers with a comprehensive suite of online payment solutions including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio of brands. To learn more, visit www.corpay.com.

1 “Corpay” (a Fleetcor (NYSE: FLT) brand) in this document primarily refers to the Cross-Border Division of Corpay https://www.corpay.com/cross-border; a full listing of the companies that are part of the Corpay brand is available here: https://www.corpay.com/compliance.

* Subject to credit and compliance approval from the relevant Corpay company.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20231101627915/en/

Media Contact:

Keera Hart

Senior Account Director

(905) 580-1257

Keera.Hart@kaiserpartners.com

Corpay Contact:

Brad Loder

VP, Cross-Border Marketing

(647) 627-6635

brad.loder@corpay.com

Source: Corpay

What is Risk Visualizer?

Risk Visualizer is a solution developed by Corpay1 to transform foreign exchange risk management by automating and streamlining the process of generating real-time analysis of potential FX risks and providing a list of risk management instruments.

Who can benefit from Risk Visualizer?

Small and medium-sized enterprises in North America and Australia can benefit from Risk Visualizer to monitor currency exposure and make well-informed hedging decisions.

What are the key features of Risk Visualizer?

Risk Visualizer offers a streamlined interface with customizable input parameters, integrated foreign exchange rates, personalized hedge thresholds, and the flexibility to apply hedges or implement risk management solutions directly from the dashboard.

What are the potential benefits of Risk Visualizer?

The potential benefits of Risk Visualizer include simplifying and optimizing cashflow operations, tailoring cashflow inputs based on unique business requirements, obtaining real-time FX risk exposure summaries, taking control of risk management strategy with personalized hedge benchmarks, and proactively viewing and booking risk mitigation strategies.

Who developed Risk Visualizer?

Risk Visualizer was developed by Corpay1, a brand of FLEETCOR.