Corpay Launches Currency Pair Risk Management Product Risk Visualizer

On 1 November, global business payments company Corpay announced the launch of Risk Visualizer, a revolutionary foreign exchange risk management product designed to help businesses and financial managers monitor currency risk.

With Risk Visualizer, businesses can access real-time analytics and make well-informed hedging decisions.

According to Corpay, Risk Visualizer's interface combines customisable input parameters, integrated currency pair rates and personalised hedging thresholds. Each time a user enters cash flow data, an algorithm generates an in-depth analysis of potential FX exposure and a list of commonly used risk management instruments.

Corinne MaxMillan, Chief Product Officer of Corpay's Cross-Border Solution business, said, "We've spoken with many CFOs and one thing is clear - currency risk management challenges are an extremely common pain point for them. 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."

Mark Frey, President of the business, said, "We will continue to focus on innovating and advancing our cross-border payments and currency risk management solutions, in and effort to benefit our customers' operational efficiency as well as their bottom line."