Corpay today announced that Corpay’s Cross-Border business has launched Risk Visualizer, a solution aiming to transform Forex risk management, enabling business and financial managers to monitor currency exposure – and it can help them make well-informed hedging decisions.

“We’ve spoken with many CFOs and one thing is clear – currency risk management challenges are an extremely common pain point for them,” says 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.”

The streamlined interface of Risk Visualizer combines customizable input parameters, integrated foreign exchange 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. This provides organizations with the flexibility to apply hedges or implement the risk management solutions that they choose by executing directly from the Risk Visualizer dashboard.

Risk Visualizer is already making waves among its beta clients, primarily small and medium-sized enterprises across North America and Australia.

“Our vision is to make currency risk management more accessible and efficient for businesses of all sizes. With Risk Visualizer, companies can obtain real-time analysis and make well-informed hedging decisions in one platform,” said Mark Frey, President, Corpay’s Cross-Border Solutions. “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.”