The global accounting industry has grown tremendously in recent years, and there appears to be no signs of this slowing: the accounting services market is projected to grow from $1.17 trillion in 2021 to $2.02 trillion in 2026. Whilst this is the case, there are a number of challenges that accounting firms face with regard to currency exchange. With large numbers of businesses transacting internationally in the modern global economy and the sort of exchange rate volatility that has been seen recently, reporting has become more challenging, given that it is necessary to adjust cash, receivables and payables that are denominated in foreign currencies in line with such fluctuations.

As more businesses deal in foreign currencies, accounting firms are increasingly expected to provide advice to their clients regarding how best to reduce their exchange rate risk exposure. We partner alongside accounting firms to help their clients save time and money on their international payments, Our partnership team are experts in foreign currency exchange, and they offer a dedicated, value-added service that is reliable and transparent.

Discover how we can help your accounting business cater to the needs of your international clients with our foreign exchange solutions.

How we can help your clients mitigate risk

We provide a number of foreign exchange solutions that can help your clients save time and money.

Our wide range of currency exchange solutions can be used to meet the needs of businesses of every size, granting them protection from unfavourable exchange rate movements. These range from basic hedging strategies to more complex instruments that can be used to achieve more profitable outcomes than would be achieved by simply using market rates.

Addressing the needs of accounting firm’s clients

In times of economic uncertainty and exchange rate volatility, it is particularly important for businesses to be able to reduce their operating costs and remain profitable. Our partners have benefited immensely over the years from our FX solutions for accounting firms, which have helped them save money by minimising their exposure to currency rate fluctuations.

The services that we provide are tailored to the unique needs of each business with which we partner. By taking the time to gain a full understanding of each of our clients’ needs and assess their currency risk, we are well-placed to identify foreign exchange hedging strategies that suit their requirements. – leaving you in a better position to assist them in making substantial savings on their international payments.

Here’s how we save your clients money on international payments

Our expert team of foreign exchange specialists can be relied upon to help you address your clients’ international payment needs. Drawing on decades of experience in the currency exchange markets, we can provide assistance with large payments that need to be sent abroad and planned investments in overseas property.

Our multi-currency account for businesses is easy to use, and it can process global payments to large numbers of recipients. It’s an indispensable time-saving tool for those who need to pay international employees, overseas suppliers and importing and exporting costs on a regular basis. You can use our multi-currency account to track all of the payments that you make online and receive alerts on fluctuations in different exchange rates.

Each of your clients will be granted access to our range of our specialist currency tools. For those looking to mitigate their currency risk, for example, you will be able to secure the current exchange rate for your global payments for up to two years via our forward contracts (please note that this may require a deposit).

How to offer international payment services to your clients

Sign up as a Moneycorp partner today and start referring your accounting clients. We will make your clients our priority and immediately get to work on identifying currency exchange solutions that meet their needs.