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Companies have numerous challenges in international trade especially when faced with a volatile currency market which require many difficult decisions such as when to hedge, how to hedge how to cost locally to remain competitive.

If your business is involved in international trade, and a material part of your costs or income is foreign, then the chances are strong that this part of your business is run by a single person on a spreadsheet that is updated on an ad-hoc basis. Sound familiar?

To test this, why not enquire right now what your foreign commitments are. What is your level of hedging? What are your average costing rates and payment terms? Is this reflected in your local pricing? What FX contracts are maturing? What is the value of your exposure and are you losing money?

... In fact, PricewaterhouseCoopers research showed that 91% of spreadsheets have at least a 5% error margin. KPMG found the same percentage with major errors...

This could lead to significant losses for your company. You need the right tool for the job, but they are expensive.

For the first time, FX-Pro Live will offer you a comprehensive, decision and management tool.