Corpay Cross-Border Rolls out FX Risk Management Solution, Risk Visualizer

The global leader in business payments Corpay announced on Wednesday (November 1, 2023) the launch of a revolutionary foreign exchange (FX) risk management offering, Risk Visualizer, which is designed to facilitate business and financial managers to monitor currency exposure.

Leveraging this solution, companies can obtain real-time analysis and make well-informed hedging decisions in one platform.

According to the official press release, the interface of Risk Visualizer combines customizable input parameters, integrated FX 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.

"We've spoken with many CFOs and one thing is clear - currency risk management challenges are an extremely common pain point for them," said 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."

"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," added Mark Frey, President, Corpay’s Cross-Border Solutions.