Small Business, Big Ambition

Navigating the requirements of international payments and currency risk for SMEs
2 minute readAccording to government statistics released at the end of last year, there are 5.7 million SMEs in the UK, or to put it another way, more than 99% of all UK businesses are classed as SMEs. Those numbers cover a broad range of sectors and companies of all sizes from start-ups to thriving enterprises. While the broad range means that each business will have its own unique challenges and opportunities, international payments and currency risk will impact many organisations. From importing goods and components to exporting products and services to world-wide markets, many SMEs will require a foreign exchange strategy that takes their requirements, challenges and ambitions into account.
Our expert team support more than 14,000 businesses and understand the challenges that business owners face – from the impact of Brexit to the logistics of entering a new geographic market. Our dedicated account managers help SMEs develop a foreign exchange strategy, and provide access to a range of specialist currency tools for streamlining international payments and managing currency risk. If you’re not sure where to start or whether a currency specialist could help your business, we’ve compiled a handy checklist of the key areas that SMEs need to address when it comes to international payments and currency risk.
Read more to find out how you can help your business grow overseas and whether a currency specialist could support those ambitions.