The Most Frustrating Business FX Pain Point…
(8 September 2023 – Global) How open are CFOs to outsourcing FX processes?
East & Partners proprietary Global Business FX analysis reveals that over eight out of ten HK and Singapore importers and exporters are open to outsourcing specific FX functions.
Source: East & Partners Hong Kong and Singapore Business FX Service (N: 1,869)
How do businesses in your market compare? Where are the specific opportunities for FX providers and third parties looking to become indispensable partners to their business FX customers?
“The research shows that CFOs and treasurers are open and willing to outsourcing their most time consuming and resource sapping functions such as post-execution analysis, risk management, multi-currency account management, counterparty onboarding, real time reporting and overall cross border payment needs altogether, noting a significant level of variance by business size” East & Partners Global Head of Markets Analysis, Martin Smith, commented on the analysis.
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