<figure class="image"><img src="https://content.mtfxgroup.com/uploads/medium_blogimgorangefreenpaid_179089f522_27290001ee.webp" alt="Illustration of a mobile phone sending digital coins to a wallet, with a green ‘PAID’ stamp on the left, symbolizing fast and easy international invoicing."></figure>You sell a great product. It does well outside your borders and your prospects for business expansion look good. But you have a choke point in your payment process. Payments on your invoices are slowed, and sometimes fluctuations in <a target="_blank" href="https://www.mtfxgroup.com/tools/live-exchange-rates/">currency exchange rates</a> pose a risk to the value of your product—and put repeat orders at risk.Your overseas payment process may be the traditional method where you invoice in Canadian dollars or USD dollars, but your European customers shoulder the inconvenience (and cost) in navigating foreign currency exchange and <a target="_blank" href="https://www.mtfxgroup.com/tools/mtfx-rate-calculator/?from=cad&amp;to=eur">conversion for their euros</a>.That process forces your customers to figure out their local currency equivalency to the amount billed on your invoice. Then to settle the account they must pay you with an international wire transfer.<h2>Banks are Cutting into your Profits&nbsp;</h2>In between your overseas customer’s bank account and your business bank account, there are others taking their cut. That process is complicated as intermediaries add service charges and exchange rate fees. Consequently, fluctuating foreign exchange rates and payment processing fees at overseas banks reduce the number of funds you receive.Your overseas customers shoulder the burden of additional cost and effort. That burden translates into the diminished quality of their experience with you.  Meanwhile, you take a concurrent hit when exchange rates go short and your budget projections, slide past the red line of profitability. Small businesses are vulnerable to cash flow glitches, and often fail when too much of the latter occurs.<h2>Global Collections are the Solution &nbsp;</h2>There is a way to handle your overseas business payments without hiring local talent to engage in bank negotiations and setting up multiple bank accounts.  It is called Global Collections.Global Collections is an optimized accounts receivables solution. Here is how the process works, and why it is seamless:<ul><li><a target="_blank" href="https://www.mtfxgroup.com/">MTFX</a> provides your company with local overseas account numbers in the locations where your customers reside.  We do that through international bank account numbers, in over 20 currencies.</li><li>Your overseas customers now have the option to pay you in their home currency. They pay your invoice immediately and conveniently. The burdens of currency conversion, and giving correspondent banks a percentage of the payment are lifted. You compete on a more even playing field.</li></ul>You provide this service to your customer without increasing your overhead. You do not have to do the legwork or pay someone to do the overseas bank negotiations in a foreign market. MTFX already has the technology and infrastructure in place.<h2>Your International Cash Flow Risk Management is now Under Control </h2>Now that you have streamlined your overseas payment process, you can get a better handle on your international cash flow and volatile exchange rates. As the local currency payments begin accumulating in your accounts, &nbsp;you can convert those funds to your own currency and shift them back home.  This is where a handy residual benefit kicks in Controlling FX transactions allows you to pocket optimal exchange rate margins, rather than charging your customers up to 4% in international wire exchanges. &nbsp;So, the Global Collections feature accommodates both your customer’s expectations, as well as helps you maintain your own overseas cash flow on a flexible, even keel.&nbsp;<h2>Stop Stifling your Foreign Exchange Cash Flow&nbsp;</h2>MTFX is your full-service platform for <a target="_blank" href="https://www.mtfxgroup.com/business/risk-management/forward-contracts/">risk management</a> in overseas transactions. Contact us and learn how our payment platform can expedite your overseas collections, give your customers flexible payment options, and eliminate exorbitant bank charges and fees.&nbsp;<a target="_blank" href="https://online.mtfxgroup.com/register/?source_page=how-to-invoice-international-clients---cheaper,-faster-and-easier">Open your account</a>&nbsp;in less than five minutes and&nbsp;we'll show you how foreign exchange currency risk management can protect as well as increase your business's profits.Popular Related articles;<ul><li><a target="_blank" href="https://www.mtfxgroup.com/post/managing-paying-income-taxes-abroad/">Managing Paying Income Taxes Abroad</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/how-exchange-rates-can-affect-your-business/">How Exchange Rates can Affect your Business?</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/global-collections-services-make-for-loyal-overseas-customers/">Global Collections Services Make for Loyal Overseas Customers</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/ensure-better-overseas-payment-processes-with-a-third-party-digital-platform/">Ensure Better Overseas Payment Processes with a Third-party Digital Platform</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/stop-wasting-money-paying-overseas-suppliers-in-us-dollars/">Stop wasting money paying overseas suppliers in US dollars - there are more cost-effective alternatives</a></li></ul>

Illustration of a mobile phone sending digital coins to a wallet, with a green ‘PAID’ stamp on the left, symbolizing fast and easy international invoicing.

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How to Invoice International clients - Cheaper, Faster and Easier

<figure class="image"><img src="https://content.mtfxgroup.com/uploads/small_mtfx_blog_post_28_10_2021_1_85e2665bc6_26207b6d6d.webp" alt="Mini shopping carts, cardboard boxes, and a glass globe on a laptop keyboard representing global eCommerce and international online payments."></figure>Statista¹ estimates that nearly 1.2 trillion USD worth of products and services will be sold via B2B e-commerce websites by the end of 2021. According to Digital Commerce 360, B2B marketplaces generated $680 billion in 2018, and they expect revenues to increase to $3.6 trillion by 2024. To put it in context, that is about twice the value of Canada’s projected GDP for 2021.Old fashioned payment methods like cheques simply don’t work for the transaction volumes and models which take place on B2B eCommerce marketplaces. Online international money transfer is far better suited.There is clearly a great deal of opportunity ahead for B2B distributors, manufacturers, and online service providers in niches like fintech. They simply have to determine whether the best way forward would be to operate their own marketplace as a host, or participate in other existing and emerging marketplaces.Unlike B2C transactions, many B2B orders are often delivered in multiple incremental shipments instead of all at once. For companies buying products from <a target="_blank" href="https://www.mtfxgroup.com/post/stop-wasting-money-paying-overseas-suppliers-in-us-dollars/">international suppliers</a>, payments for shipped goods can be scheduled in advance, in parallel to the shipping schedule.<h2>Operating a B2B Marketplace</h2>Merritt Hummer, a partner at Bain Capital Ventures recently wrote a TechCrunch² article declaring B2B marketplaces the next billion-dollar startups. The article acknowledges that even though the majority of <a target="_blank" href="https://www.mtfxgroup.com/business/small-business/">B2B payments</a> are still made by cheques, that online payment services from companies like MTFX are quickly gaining ground. Cross-border online money transfer transactions clear faster than cheques, and they are subject to stronger controls to prevent fraud and money laundering.According to the Digital Commerce 360 survey&nbsp;referenced above, 22 of 201 distributors surveyed plan to launch online marketplaces to compete with marketplaces from giants like Amazon, Alibaba, and eBay. This may seem like a low number on the surface, however 22 B2B marketplaces can represent thousands or tens of thousands of vendors, and millions of customers buying from those suppliers and service providers.Online marketplace operators with global market reach can assist their vendor partners who have never sold internationally before and generate revenue through transaction fees. Conversely, marketplace vendors can benefit by leveraging the marketplace as a route to an overseas market which was previously inaccessible.The volume and velocity of international transactions on marketplace portals exceed the pace of old-fashioned payment methods like checks or ACH payments. International money transfers can drive foreign exchange costs down for marketplace operators, customers, and vendors on <a target="_blank" href="https://www.mtfxgroup.com/business/small-business/">imported goods</a> transactions.<h2>B2B Marketplaces for Services</h2><a target="_blank" href="https://www.mtfxgroup.com/business/online-sellers/">E-commerce marketplaces</a> are mostly geared towards bringing together buyers and sellers of tangible products, yet there are many service-oriented marketplaces which have emerged for services like:<ul><li>Shipping and transportation</li><li>Digital services like software as a service (SaaS)</li><li>3D printing</li><li>Professional services like HR, IT, legal, and consulting</li></ul>Most marketplace operators charge their vendors setup charges and transaction fees for enabling e-commerce sales on their platforms. Some marketplaces charge their vendor partners monthly or annual subscription fees to showcase their services on the platform.<h2>E-Commerce Marketplaces Build Vendor Awareness and Reputation</h2>It can be challenging for new and even established manufacturers, distributors, and service providers to generate awareness and a strong standing in their niche. Without being “plugged in” to marketplaces where their customers can procure the goods and services they need to operate, many B2B sellers could find themselves at a disadvantage to compete from the outside.According to the Digital Commerce 360 report³, 57% of the consumers that purchased products from a retailer’s website said they had discovered the suppliers they do business with on a marketplace website. This was a year-over-year increase of 5%, and a five-year increase of 30% since the first poll of its kind in 2016. This statistic comes from a B2C marketplace study, however experts from McKinsey⁴ report that price transparency on B2B marketplaces provides suppliers with great opportunities to connect with more buyers.Marketplaces enable buyers to review the products they purchase online, enabling companies offering high-quality goods and services to rise above their competitors. Many product marketplace sellers conduct their first transaction or two with clients on the e-commerce hub and sell their wares directly to those customers going forward. Some B2B marketplaces act as affiliate partners and collect referral fees for sales generated by their hub, while others process transactions on behalf of their vendors as successful marketplaces like Medlity and PartCycle.com.<h2>B2B Marketplaces and International Online Payments</h2>Offering foreign and domestic business buyers the opportunity to purchase products from multiple product categories online from a single supplier offers benefits to buyers and sellers. B2B marketplace hubs offer customers the opportunity to consolidate their procurement operations. They can read reviews by their peers to ensure the quality of the products and services they buy are worth their investment.About 30% of all online B2B sales this year took place on online marketplaces. For businesses planning to establish and run an online marketplace for a global audience, an online payment provider like <a target="_blank" href="https://www.mtfxgroup.com/">MTFX</a> can enable fast, secure, reliable <a target="_blank" href="https://www.mtfxgroup.com/business/global-payment-solutions/international-payments/">cross-border payments</a>. International payments can be made from the United States or Canada in over 50 currencies to 140 countries to overseas suppliers. Each marketplace vendor can be assigned their own secure account to facilitate secure, fast payments.Import and export vendors can leverage forward contracts to minimize the impact of <a target="_blank" href="https://www.mtfxgroup.com/tools/live-exchange-rates/">currency exchange fluctuation</a> on their product margins for incremental payments. They can also track high-value transactions in the event they wait for payment before shipping high-value or large quantities of products overseas.Our platform can help you grow your profits. Learn more about how our payment platform can help you generate awareness for your <a target="_blank" href="https://www.mtfxgroup.com/industry-solutions/online-sellers/">online marketplace sellers</a> and expand your marketplace presence globally. Contact us and we will show you how our foreign exchange currency <a target="_blank" href="https://www.mtfxgroup.com/business/risk-management/forward-contracts/">risk management</a> and payment solutions can help you succeed in the competitive, high stakes realm of B2B e-commerce marketplaces.<a target="_blank" href="https://online.mtfxgroup.com/register/?source_page=b2b-ecommerce-marketplaces---diversifying-international-payment-options">Open an account today</a>&nbsp;and see how our digital payment platform can improve your profitability and keep you agile and active in the global market.&nbsp;Popular related articles;<ul><li><a target="_blank" href="https://www.mtfxgroup.com/post/how-do-i-send-money-outside-canada-mtfx/">How do I Send Money Outside Canada? – MTFX</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/how-to-save-on-overseas-money-transfers-mtfx/">How to Save on Overseas Money Transfers – MTFX</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/how-to-send-money-abroad-and-make-international-payments/">How to Send Money Abroad and Make International Payments</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/7-reasons-to-use-a-currency-specialist-to-send-money-abroad/">7 Reasons to Use a Currency Specialist to Send Money Abroad</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/how-to-send-a-large-amount-of-money-overseas/">How to Send a Large Amount of Money Overseas?</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/forward-contract-add-certainty-in-uncertain-times-for-import-export/">Are you an Importer or Exporter? A Forward Contract could Add Certainty in Uncertain Times</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/why-you-need-an-exchange-hedging-strategy-to-protect-business-profits/">Why you Need an Exchange Hedging Strategy to Protect Business Profits</a></li></ul><h2>Sources</h2><ol><li><a target="_blank" href="https://www.statista.com/markets/413/topic/458/b2b-e-commerce/">Statista B2B E-Commerce Report</a></li><li><a target="_blank" href="https://techcrunch.com/2020/11/04/b2b-marketplaces-will-be-the-next-billion-dollar-e-commerce-startups/">B2B marketplaces will be the next billion-dollar e-commerce startups</a></li><li><a target="_blank" href="https://www.digitalcommerce360.com/2020/08/31/covid-19-drives-more-business-to-b2b-marketplaces/">Digital Commerce 360 B2B</a></li><li><a target="_blank" href="https://www.mckinsey.com/capabilities/operations/our-insights/how-b2b-online-marketplaces-could-transform-indirect-procurement">How B2B online marketplaces could transform indirect procurement</a></li></ol>

Mini shopping carts, cardboard boxes, and a glass globe on a laptop keyboard representing global eCommerce and international online payments.

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B2B E-Commerce Marketplaces - Diversifying International Payment Options

<figure class="image"><img src="https://content.mtfxgroup.com/uploads/medium_imgmking_fd932a4a30_20330532f0.webp" alt="Collage of international small business owners, farmers, and vendors with currency symbols from around the world and a red 'PAID' stamp at the center, representing global vendor payments."></figure>Have you considered paying your vendors in their local currencies? This is why you shouldYou might have thought that using your home currency for your international transactions versus the local currency of the supplier was your simplest option, but if you pay attention to the entire transaction process, going this route leaves you and your business susceptible to market volatility while at the same time potentially forcing you to pay double the conversion fees.When it comes to doing business across borders, one party always needs to be responsible for the currency exchange. Depending on the market in which you are making your vendor payments, there is a chance you could be paying a premium that exceeds the cost of converting your currency without realizing it.<h2>There are many Players within the International Transfer Process that could Cost you and your Business Added Fees</h2>When it comes to cross-border payments and using your home currency to pay your vendors, you could be at the mercy of paying a lot of players along the way before your transaction is fully settled. Fees can arise from your bank for processing an international wire transfer to make the vendor payment (ranging anywhere from $10-$50), in most cases an intermediary bank is required when paying a vendor internationally and when used they take an additional processing fee, the beneficiary bank for your vendor will also take a fee when the payment reaches their bank account, and additionally, there will be another conversion fee to transfer your home currency funds into the local currency of your vendor to complete the payment.When all those steps are finalized, you end up paying an additional sum of upwards of 7 percent. You, and your business, also shoulder the risk that your currency could lose value in transit due to fluctuating currency exchange rates between the time of your invoice payment and the final settlement, which can be lengthy.<h2>Why you should be Paying your Vendors in their Local Currency?</h2>Innovative fintech has emerged in the category offering local in-country payment solutions that can save your business the fees noted above while at the same time, reducing your businesses FX exposure by giving you the ability to make <a target="_blank" href="https://www.mtfxgroup.com/business/global-payment-solutions/international-payments/">payments</a> and hold funds in multi-currency accounts that you can access any time, 24/7, thus removing the need to make costly currency conversions.Not only can you save on processing and currency exchange fees with local in-country payments, but next-generation solutions from fintech leaders in the space, like <a target="_blank" href="https://www.mtfxgroup.com/">MTFX</a>, can also enable direct integration of these solutions into your business ERP system, removing all the manual reconciliation work that is normally required to balance and record your overseas business transactions.MTFX’s international payout solution provides your business access to +100 currencies, including exotic, and is compatible with all of the top ERP systems in the market including, Quickbooks, Oracle, SAP, Dynamics 365, and Sage, among others. This solution facilitates, through API automation, the generation of your payables as well as the settlement of your overseas business payments, all in one easy-to-use portal so you can keep track of your cash flow while saving both time and money.<h2>Our Platform can Help you Grow your Profits</h2>Learn more about how our payment platform can help you retain your local customers and expand your business globally.<a target="_blank" href="https://online.mtfxgroup.com/register/?source_page=are-you-paying-your-vendors-in-their-local-currency---blog-mtfx">Open an account today</a> with MTFX and&nbsp;start enjoying fast, cost-effective, and convenient international money transfers.&nbsp;Popular related articles;<ul><li><a target="_blank" href="https://www.mtfxgroup.com/post/4-reasons-why-mtfx-is-better-than-your-bank-for-your-online-global-payments-processes/">4 reasons why MTFX is better than your bank for your online global payments processes</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/5-important-steps-in-the-overseas-payment-process/">5 Important Steps in the Overseas Payment Process</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/pay-overseas-suppliers-in-foreign-currency/">The Benefits of Paying Overseas Suppliers in their Own Currency</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/best-way-to-transfer-money-to-a-foreign-bank-account/">Best Way to Transfer Money to a Foreign Bank Account</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/ensure-better-overseas-payment-processes-with-a-third-party-digital-platform/">Ensure Better Overseas Payment Processes with a Third-party Digital Platform</a></li></ul>

Collage of international small business owners, farmers, and vendors with currency symbols from around the world and a red 'PAID' stamp at the center, representing global vendor payments.

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Are you Paying your Vendors in their Local Currency - Blog MTFX

<figure class="image"><img src="https://content.mtfxgroup.com/uploads/small_09_06_2021_a82060ba16_46ba55786a.webp" alt="Digital world map with glowing currency symbols (USD, EUR, GBP, etc.) cascading downward, representing global financial planning and strategy in a post-COVID business environment."></figure>Have you created your post-covid business plan? 5 steps to protect you from rebounding market risk.In a post-pandemic world, businesses must account for unplanned shifts in the FX market, especially at the beginning of a global economic recovery. Currently, every company in the world is being faced with the same question: What is going to happen to my business when the pandemic is over?Grocery stores, packaged goods suppliers, and specialized PPE manufacturers, just to name a few, have all experienced an unexpected boost in sales: Will that growth sustains? Hotels and airlines have experienced unprecedented halts in demand: How long will it take for their business to bounce back? Then you look at cinemas and theaters that are trying to envision how the pandemic will permanently shift the way consumers experience entertainment.When the pandemic ends, many companies will find that their business model is no longer feasible. How will your business cope?<h2>Ultimately, Planning for a Post-Pandemic World Means Answering Three Questions:</h2>1) How does your business really make money? 2) Who/what customer type do you depend on to drive your business during recovery? 3) What will customer behaviour look like after the pandemic so you can have better financial planning practices in place?Even though the pandemic is temporary, its impacts have created permanent structural shifts. To help shed some light on what to do in a post-pandemic world, follow these 5 steps from our market experts at MTFX.<h3>1. Ensure your Business has Access to Next-Generation Solutions to Keep your Business Current with Technology Shifts, Removing Any Payment Transfer Friction.</h3>Banks usually have less competitive foreign <a target="_blank" href="https://www.mtfxgroup.com/tools/live-exchange-rates/">currency exchange rates</a> than fintech due to their traditional banking systems. Fintech focuses on providing quick and easy <a target="_blank" href="https://www.mtfxgroup.com/transfer-money/">money transfers</a> while having the ability to provide low exchange rates and transfer options for every type and size of business. Fintechs are agile and can adapt to shifts in the marketplace quickly, thus, making them able to develop and launch innovative solutions on a dime, supporting a company’s expansion targets and the ability grow their transaction volume – something a bank cannot do easily.<h3>2. To Help Recoup Losses from the Pandemic, Implement a Full 360° Payments Solution with Direct Integrations into your ERP and AR Systems to Create Efficiencies and Save Money.</h3>Some fintech are making seamless integration to the next level. The team at MTFX is first to market with an all-in-one seamless solution that can offer your business a set of products and services that integrate directly into your business's ERP and AR systems. This ability removes the need for manual intervention or payment reconciliation, reducing both time and costs for finance department staff. With this integration, powered by AI, machine learning, and biometrics technologies, you can reduce the number of overall payment failures, which result from inaccurate data input, that your business experiences, giving you a single view on all your company’s financial needs, transactions, and cash flow for better and more accurate fiscal planning.<h3>3. Allow your Business to Grow Across Borders by Taking the Challenges Out of Opening and Managing Foreign Bank Accounts.</h3>New-age fintech solutions can reduce your business's FX exposure and improve your cash flow by having the ability to make payments and hold funds in local currencies that you can access at any time 24/7. Leaders in customer experience, like MTFX, can enable your business the ability to open and hold money in domestic <a target="_blank" href="https://www.mtfxgroup.com/business/global-payment-solutions/multi-currency-accounts/">multi-currency accounts</a> across multiple currency types, removing the complexity of trying to open and manage multiple bank accounts across borders so you can grow your business in any market you require.<h3>4. With Everyone Turning to Digital Alternatives Overnight, Ensure you have the Right Mix of Payment Choices in Place for your Vendors and your Customers.</h3>Agile fintech develops, both internally and through global network partnerships, an array of innovative payment solutions so you can provide your vendors and your end customers with payment choice and flexibility. This allows you to accept and provide many different payment types from customers as well as offer vendor-preferred payment types like pre-authorized debits, wires, EFTs, and credit cards. On top of this, fintech can also enable your business with next-generation digital payment solutions like mobile wallet payments through a simple API integration that banks and other third-party providers cannot offer.<h3>5. With the Economy Only Starting to Reopen, the Market will be Challenging to Manage. Implement FX Risk Management Strategies to Keep your Cash Flow Safe.</h3>Managing exposure to FX currency fluctuations is an additional level of due diligence any business owner needs to practice. Your cash flow is the lifeblood of your business, and you need to protect it from unfavorable shifts in the foreign exchange rate. Fintech can offer superior risk management solutions and hedging tools, compared to banks and financial institutions, including <a target="_blank" href="https://www.mtfxgroup.com/business/risk-management/forward-contracts/">forward contracts</a> and <a target="_blank" href="https://www.mtfxgroup.com/business/risk-management/market-orders/">market orders</a> that are customized specifically for your business needs.<h2>At MTFX, our Platform can Help your Business Rebound from the Impacts of COVID-19 and Protect you from Any Volatility in a Post-COVID World.</h2>Learn more about how a third-party payment platform can help you retain your local customers and expand your international business. Contact one of our market experts at MTFX and we will show you how foreign exchange currency risk management can protect your business while increasing profits.<a target="_blank" href="https://online.mtfxgroup.com/register/?source_page=have-you-created-a-post-covid-business-plan---mtfx-blog">Open an account</a>&nbsp;with MTFX today and start enjoying fast, cost-effective, and convenient international money transfers.&nbsp;Popular related articles; <ul><li><a target="_blank" href="https://www.mtfxgroup.com/post/transferring-money-overseas-what-you-need-to-know/">Transferring Money Overseas: What You Need to Know</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/international-money-transfers-to-foreign-countries/">International Money Transfers to Foreign Countries: What You Need to Know</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/are-you-a-multinational-then-you-should-have-a-strategic-fx-management-plan-in-place/">Are You A Multinational? Then You Should Have A Strategic FX Management Plan In Place</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/5-reasons-to-use-foreign-exchange-service/">5 Reasons to use a Foreign Exchange service for Currency Transfers</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/international-money-transfers-to-foreign-countries/">International Money Transfers to Foreign Countries: What You Need to Know</a></li></ul>

Digital world map with glowing currency symbols (USD, EUR, GBP, etc.) cascading downward, representing global financial planning and strategy in a post-COVID business environment.

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Have you Created a Post Covid Business Plan - MTFX Blog

<figure class="image"><img src="https://content.mtfxgroup.com/uploads/small_03_06_2021_f3f4aabf5d_4b5155284e.webp" alt="Digital globe with interconnected networks and data icons, symbolizing global connectivity and the importance of strategic foreign exchange (FX) management for multinational businesses."></figure>When developing an up-to-date treasury management practice for your business in today’s climate you need to ensure your plan includes an international payment and currency risk management approach to be sure you protect your profits from exposure in the current volatile marketplace.At MTFX our innovative risk management solutions and <a target="_blank" href="https://www.mtfxgroup.com/business/risk-management/forward-contracts/">hedging tools</a> provide you with a proactive approach in order to help you better plan for your long-term financial ambitions. If you are a multinational -- or currently growing at a rate that will have you become one in the short term -- we can work with you to create a unique and customized solution to ensure you attain your growth targets.Whether you are managing a network of international subsidiaries, working with international suppliers or customers, or expanding your business to new markets, MTFX is your strategic choice to achieve your goals.<h2>The Power of FX Treasury Management Solutions &nbsp;</h2>As space continues to become digitized and demand for <a target="_blank" href="https://www.mtfxgroup.com/business/global-payment-solutions/international-payments/">international payments</a> increases, you will need to work with a strategic third-party platform provider that can provide your business with operational efficiencies, enhanced transfer transparency, and market insights in a way that a traditional bank or financial institution cannot offer, so you can efficiently navigate the ever-evolving nature of the payments landscape.<a target="_blank" href="https://www.mtfxgroup.com/business/multinationals/">Multinationals</a> today need to be as nimble as start-ups in order to be able to make a decision on a new partnership or alliance on the flip of a coin. As your global business increases in complexity and expands into new markets, it can be a challenge to maintain the visibility of assets and liabilities across multiple currencies, not to mention managing multiple payment systems with various compliance and regulation requirements.Your treasury management platform is the strategic command center for all your financial planning giving you certainty on your cash flow, liquidity levels, and both your payables and receivables. It is a necessary strategic tool that will help you always gauge the current state of your business. Integrating your international positions into your treasury management planning gives you additional perspective—a necessity in today’s competitive marketplace.<h2>The MTFX Solution for Treasury Risk Management</h2>MTFX offers your business customized solutions for treasury managers so they can better administer their global payments needs. Our strategic solutions and tools give you instant access to our global network of partnerships, along with our international licensing and compliance infrastructure, ensuring reach, data security, and efficiencies to support your expansion goals. Our team of market experts will work with you in order to tailor our hedging and risk management strategies for your business.<h2>With MTFX you will Gain Access to: &nbsp;</h2><ul><li><a target="_blank" href="https://www.mtfxgroup.com/">Competitive real-time FX rates</a> that are guaranteed to beat the bank across +140 different currencies, including exotic.</li><li>Innovative hedging tools and risk management strategies that add cost certainty to your business cash flow</li><li>Integrate automation technologies for beneficiary banking validation, bulk payment processing, and reporting and reconciliation functionality</li><li>Set up multi-currency accounts that provide you with total visibility of your funding balances across various currencies in one simple, easy-to-use portal</li><li>Enable direct integration into your business ERP and AP systems, removing the manual swivel chair processes and file uploads from alternative payment solutions</li><li>A streamlined ‘plug-and-play’ integration through financial APIs that remove any manual intervention from company staff</li><li>Our technology infrastructure is flexible and adaptable, allowing you access to as much—or as little—of our services, as you need as your business evolves and grows</li></ul><h2>MTFX Hedging Strategies will Protect your Business Across Borders &nbsp;</h2>Learn more about how our solutions can help you retain your local customers and expand your international business. Contact one of our market experts and we will show you how <a target="_blank" href="https://www.mtfxgroup.com/business/risk-management/forward-contracts/">foreign exchange currency risk management</a> strategies can protect your business while increasing profits.<a target="_blank" href="https://online.mtfxgroup.com/register/?source_page=are-you-a-multinational?-then-you-should-have-a-strategic-fx-management-plan-in-place">Register your account</a> with MTFX today to enjoy bank-beating rates and avoid currency risk with a strategic FX management plan.&nbsp;Popular related articles;<ul><li><a target="_blank" href="https://www.mtfxgroup.com/post/4-reasons-why-mtfx-is-better-than-your-bank-for-your-online-global-payments-processes/">4 reasons why MTFX is better than your bank.</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/5-important-steps-in-the-overseas-payment-process/">5 Important Steps in the Overseas Payment Process.</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/the-keys-to-managing-risk-in-volatile-markets/">The keys to managing risk in volatile markets.</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/transferring-money-overseas-what-you-need-to-know/">What do you need to know while transferring money?</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/currency-management-strategy-for-your-fx-rates-budget/">Why you require a new currency management strategy</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/have-you-created-a-post-covid-business-plan/">Have you Created a Post Covid Business Plan - MTFX Blog</a></li><li><a target="_blank" href="https://www.mtfxgroup.com/post/the-vaccine-is-here-now-what-are-fintechs-the-new-normal/">The Vaccine is here. Now What? Are fintech’s ‘The New Normal’?</a></li></ul>

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Are you a Multinational? Then you should have a Strategic FX Management Plan in Place

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MTFX’s rates are fair and transparent, which can save you thousands on your currency transfers. The rate you receive is based on the interbank market rate and, because we transact large volumes, we pass on the savings to our clients. Compare our rates to those of your bank and see what the difference really is. you will be surprised at how much you can save.

Why are MTFX’s rates so competitive?

We maintain a low, standard transfer fee of $15 for transactions less than $10,000. Any transactions over $10,000 will have no fees. Compare this fee with that of your bank, which will typically charge you $40-50 in transfer fees.

What does MTFX charge to send money transfers?

Dealing with MTFX is easy. Simply register with us online for instantaneous access to our online dealing platform. After you complete your registration, an MTFX currency specialist will call you to discuss your transfer and make sure the platform is set up and customized to meet your needs. For more information about our online platform, <a href="https://www.mtfxgroup.com/transfer-money/?_ga=2.192877219.829883386.1726729097-1644942358.1714661560">click here</a><a href="https://beta.mtfxgroup.com/transfer-money/">.</a> You can book your exchange rates with us 24/7, manage your beneficiaries, and send funds seamlessly from any device. We have made it that simple!

What is the process of working with MTFX?

Yes, MTFX supports both personal and business transfers, providing tailored solutions for a variety of transfer needs.

What things to consider when buying overseas property?

Yes, creating an MTFX account is quick and easy, giving you access to secure, efficient transfer options and additional services.

What countries does MTFX support for property purchase transfers?

What documents do I need to transfer money for buying property?

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Top 10 Places for Canadians Retiring in Asia

The best cities to study in Europe include London, Paris, Berlin, Amsterdam, and Vienna. These cities offer excellent education, rich cultural experiences, and vibrant student life.

Which are the best cities to study in Europe for international students?

Studying in Europe provides access to top universities, diverse cultural experiences, affordable tuition fees, and travel opportunities. Europe's academic reputation makes it a desirable destination for Canadians looking to enhance their global career prospects.

Why should I choose to study in Europe as a Canadian student?

Germany and Sweden are excellent choices for engineering. France and Italy are top picks for arts and business. The UK is known for its wide range of programs, while Switzerland excels in hospitality and business.

What are the top study destinations in Europe for specific programs?

The cost of studying abroad in Europe varies by country and city. Countries like Germany and Austria offer low or no tuition fees, while cities like London or Paris may have higher living costs. Scholarships and funding options are available for Canadian students.

What is the cost of studying abroad in Europe for Canadians?

Canadian students typically need a European study visa to enroll in universities. Requirements vary by country but generally include proof of acceptance, financial stability, and health insurance.

Do I need a Europe study visa to study abroad?

For a rich cultural experience, cities like Florence, Paris, and Barcelona are ideal. These destinations are some of the best cities to study in Europe and offer iconic landmarks, vibrant traditions, and artistic heritage.

Where to study in Europe for the best cultural experience?

Yes, many international universities in Europe offer programs in English, especially in countries like the Netherlands, Sweden, and Germany. This makes it easier for Canadian students to adapt and succeed academically.

Are English-taught programs available in Europe?

Smaller cities, such as Leuven in Belgium or Innsbruck in Austria, are affordable and provide a close-knit student community. For those seeking a more peaceful environment, they are among the best places to study abroad.

What are the benefits of studying in smaller cities in Europe?

Yes, most Europe study visas allow international students to work part-time during their studies. This provides financial support and enhances your experience while living abroad.

Can I work while studying in Europe?

FAQs-10 Best Places to Study in Europe

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