Retail
Selling merchandise made overseas always leaves you caught between a rock and a hard place
When costs rise due to volatile currency fluctuations, you’re inevitably faced with two bad choices: either renegotiate supplier terms or raise the retail price. And behind the scenes, your local bank isn’t making things easier – charging exorbitant transfer fees, converting FX at unfair rates, and delaying payments to suppliers.
Okoora’s Automated Business Currency Management (ABCM™) enables retailers to maintain a competitive edge in a dynamic global currency environment:
Real Estate
Currency fluctuations and inflated transfer and exchange fees prey upon those who purchase and manage properties overseas
To make matters worse, you need to ensure that you meet debt leverage limits and investor payment commitments. Either your local bank doesn’t provide the global reach you require, or you have too many dispersed bank accounts that are hard to handle.
Okoora’s Automated Business Currency Management (ABCM™) enables realtors to overcome the hazards of cross-currency property investment:
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Manage currency risks
with greater predictability to ensure yields and covenant compliance
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Pay and receive funds in 100+ currencies
without transfer fees and source the most competitive exchange rates the market has to offer
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Open local bank accounts overseas
where your suppliers are located, and sidestep costly transfer fees and bureaucratic banking procedures
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Oversee the cashflow of your assets
from individual properties to complete portfolios – with real-time transparency
Manufacturing
You compete against overseas players with lower production costs, suffer from complicated logistics, and can’t downstream expenses to clients
And that’s before you even feel the impact of foreign exchange volatility. Currency fluctuations keep your supply costs high, inventory value low, and revenues stagnant. And your bank only intensifies the problem, with its unreasonable fees and slow-moving procedures.
Okoora’s Automated Business Currency Management (ABCM™) provides manufacturers with the tools to withstand currency shocks:
Transportation & Logistics
Moving people and goods is difficult enough, without factoring in the added burden of currency costs
As part of a global supply chain, you are susceptible to the rising expenses that stem from unpredictable currency movements. Your local bank isn’t up to speed with your global needs, making receiving revenues from overseas and paying suppliers in foreign currency, lengthy and expensive.
Okoora’s Automated Business Currency Management (ABCM™) enables your logistics to get ahead of currency bottlenecks:
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Pay and receive funds in 100+ currencies
without transfer fees and source the most competitive exchange rates the market has to offer
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Manage currency risks
with greater predictability to ensure yields and covenant compliance
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Track and process payments
across your logistic chain in real time
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Manage multiple currencies in the cloud
and enjoy 24/7 accessibility regardless of your location
Media & Advertising
Buying and selling content across borders is a given in today’s global market
But currency exchange can turn media exchange and production into a losing proposition, due to excessive fees and unfair exchange rates. Your local bank gets lost trying to translate multiple currencies across multiple geographies.
Okoora’s Automated Business Currency Management (ABCM™) enables media companies to perform with global efficiencies:
E-COMMERCE
Processing millions of micro-transactions in multiple currencies can significantly erode your gross profit
Transfer and exchange rate fees are disproportionate to the actual value of the transaction. Banks can’t keep up with the sheer volume of your business or offer you technological solutions to streamline your global commercial operations.
Okoora’s Automated Business Currency Management (ABCM™) is the game-changing technology layer that e-commerce has been waiting for:
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Pay and receive funds in 100+ currencies
without transfer fees and source the most competitive exchange rates the market has to offer
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Track and process payments
in real time across mass payouts and e-revenues
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Open a multi-currency account
and leverage a flexible e-wallet for your global e-commerce business.
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Seamlessly integrate
ABCM™ with your platform to fully optimize payment processing, currency risk management and multi-currency banking
Healthcare
The costs of equipment and supplies are constantly on the rise for healthcare providers and medical distributors
The impact of fluctuating exchange rates can cause budgetary chaos. Banks compound your supply chain inefficiencies by overcharging fees and offering unattractive exchange rates.
Okoora’s Automated Business Currency Management (ABCM™) is the right prescription for the healthcare supply chain:
Financial services
Your clients demand cutting-edge performance from the financial management services you provide
Their foreign-denominated transactions and assets require a high level of currency liquidity and access to a seamless global transfer and FX trading infrastructure. The bank doesn’t make your job any easier with its slow response times, excessive fees, broad spreads, inaccessible IT and trading systems, and inconsistent decision support.
Okoora’s Automated Business Currency Management (ABCM™) frees financial service companies from the confines of traditional FX:
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Track and process payments
in 100+ currencies, open multiple e-wallets and local multi-currency bank accounts
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Manage currency risks
utilizing our intuitive Hedge Command Center and Risk Analyzer
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Automate FX risk analysis and reporting
to gain actionable insights and ensure regulatory compliance
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Seamlessly integrate
ABCM™ with existing legacy systems to form a more robust financial services infrastructure
Technology
Scaling your business globally requires a financial infrastructure that is as agile as your product strives to be
Launching cross-border operations involves multi-currency transactions that can slow you down with regulatory red tape and unpredictable costs. Banks keep you from sprinting ahead, with their slow response times, inaccessible IT, and excessive transfer and exchange fees.
Okoora’s Automated Business Currency Management (ABCM™) unleashes the global potential of tech companies:
Agriculture
Paying for capital equipment and agricultural supplies, and exporting produce overseas exposes you to volatile currency markets
Achieving profitability on your yield is hindered by competitive global prices and foreign exchange rates. Your fragile profit margins are further eroded by unfriendly banks who charge high transfer fees and offer unfair FX rates.
Okoora’s Automated Business Currency Management (ABCM™) protects agricultural yield from field to fork:
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Manage currency risks
with greater predictability to control supplier costs, inventory value and client revenue
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Pay and receive funds in 100+ currencies
without transfer fees and source the most competitive exchange rates the market has to offer
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Optimize inventory levels
by paying for supplies only when you actually need to, without fear of missing out on advantageous FX rate opportunities when they occur
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Manage multiple currencies
with simplicity through a single and fee-less account
Trading Companies
Sensible currency management is the lifeblood of any well-run import/export business
But selling goods and buying supplies overseas, maintaining inventories, and deploying logistics leave you perpetually exposed to unpredictable currency markets. It’s difficult to remain competitive when your bank charges inflated transfer fees and unfair exchange rates.
Okoora’s Automated Business Currency Management (ABCM™) brings down the barriers on cross-border trading:
Travel & Hospitality
Global tourism is a multi-currency business
Volatile exchange rates are a well-known threat that constantly jeopardize your already fragile profit margins. Banks don’t make matters any easier by charging exorbitant transaction fees and dictating unfair exchange rates.
Okoora’s Automated Business Currency Management (ABCM™) offers a simpler route to profitability in the world of travel:
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Pay and receive funds in 100+ currencies
without transfer fees and source the most competitive exchange rates the market has to offer
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Manage currency risks
with greater predictability to control revenues and costs
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Control foreign currency cashflows
to ensure that you always stay a step ahead of the markets
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Manage multiple currencies
with simplicity through a single and fee-less account
Professional Services
Competition is fierce and global
Volatile currency fluctuations allow rivals to undercut your offers and endanger your standing in the market. And even when you do land a project, you are still at the mercy of your bank’s unwarranted transfer fees and exorbitant currency conversion rates.
Okoora’s Automated Business Currency Management (ABCM™) enables professionals to compete on the global playing field:
Research & Education
Staying on the cutting edge of knowledge with study grants and generated income is an ongoing challenge
More so, staying on budget is far from predictable against the backdrop of volatile multi-currency markets. Your bank isn’t quite the ideal patron of scholarship – imposing exorbitant transfer and exchange fees upon you, as well as offering zero-yield deposits.
Okoora’s Automated Business Currency Management (ABCM™) frees up researchers and educators to concentrate on learning:
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Pay and receive funds in 100+ currencies
without transfer fees and source the most competitive exchange rates the market has to offer
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Mitigate currency risks
to control funds, income, and costs with greater predictability
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Manage foreign currency cashflows
to ensure you always stay on budget.
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Maximize endowed funds
with attractive short-term deposits, tailored to your cashflow needs
Small businesses
Entrepreneurs
Startups
Nonprofit
Institutions
Enterprise
