Finance | 3 Minute Read
Organizations that move money through the international monetary system know the inherent risks associated with currency value fluctuations, payment delays and the associated losses on accounts payable and receivable. They also suffer through the daily difficulties of payment scheduling, currency management, currency risk, payment reconciliation and reporting for both accounting and legal requirements.
Many corporate executives are hard-wired to default to their bank for international payables and receivables. However, traditional banks not only charge a high rate, they are not designed to mitigate the risks of currency value fluctuations or handle exchanges in nearly every country. An integrated global payment solution that mitigates these costs and risks must be central to the business plan of every organization from start-ups to large publicly traded multinationals. The global payment solution must drive down payment transactions costs, provide instant settlement in local currencies, hedge currency risk and convert an expense into a revenue generation event.
Critical Mission Consulting approaches risk mitigation as a means of unlocking venture value and unleashing revenue potential. To accomplish our goals, we formed a strategic partnership with AFEX Global Payment Solutions. AFEX is a global payment industry leader with offices around the globe and a financial technology solution that allows complete integration with a company’s existing accounting and legal systems. AFEX has a payment solution for our clients in all sectors, including but not limited to, import/export, claims management, education, corporate service providers, freight forwarders, funds and wealth managers, NGOs and charities, real estate, travel and entertainment. Critical Mission Consulting, powered by AFEX, is not a traditional bank.
Our technology delivers more capabilities than conventional banks with superior, high-touch, customer service. Critical Mission Consulting, powered by AFEX, payment solutions include:
The Critical Mission Solution, powered by AFEX, fintech solution is plug and play (no costly integration or proprietary software required). Their expertise streamlines integration into your current system, creating opportunities to scale via a suite of API’s or batch processing. Alternatively, payments can be managed via AFEX’s secure online user interface. Speed, accuracy and value protection is the oil that keeps accounts payable and receivable moving smoothly.
The strategy of CMC is to identify every available device to drive down risk and costs and drive up value for every venture. The launch of our integrated global payment system is precisely the type of risk mitigation tool our clients demanded, and we delivered.
To learn more visit our Global Payments Solutions visit our landing page at CriticalMissionConsulting/AFEX.
For more information or to schedule your no cost no obligation international payments analysis, contact an advisor Request AFEX Info.
AFEX is a leading global payments specialist, offering tailored solutions since 1979. We serve more than 35,000 clients from offices across EMEA, APAC and the Americas, facilitating payments in over 100 currencies to 180 countries every day. Our unmatched global payments infrastructure provides extensive payment rails, including same-day and real-time payments. By combining forward-facing technologies, including our customizable, flexible APIs, with end-to-end support and personalized risk management strategies, AFEX helps clients and partners around the world manage global payments efficiently and securely.
CMC is a recognized business strategy leader providing business management and boutique risk mitigation tools to build organizational value since 2013. From new venture start-ups to established publicly traded businesses, CMC employs insurance, currency, and information technology solutions to enhance valuation, shift risk and strengthen credit for bond issuances and capital raises. Our team, comprised of entrepreneurs, tax & legal advisors, and C-suite executives, with decades of experience on “both sides of the table,” enhance strengths and identify risks to position clients for financial success.