Travelex Payment Health Check

What types of international payments do you make or receive?

Payments to suppliers

Payments received from overseas customers

Payroll

Funding from / to overseas offices

Pensions

Employee overseas expenses

Other

What is the annual value of international payments that your organisation makes and receives?

£0 - £100,000

£1 million - £5 million

£100,000 - £249, 999

£5 million - £25 million

£250,000 - £499,999

£25 million +

£500,000 - £1 million

Which currencies do you send?

EUR

CAD

USD

JPY

GBP

CHF

Other

How do you make payments (tick all that apply)

Bank – phone / fax

Bank - branch

Bank – online

Independent Foreign Exchange Provider – online, phone, fax and letter

Do you encounter the following problems when making / receiving international payments:

Late or missing payments

Suffering from fluctuations or changes in exchange rates

Slow clearance of funds

Chaser calls and e-mails from suppliers waiting to receive payments

Time required to enter payment details

Lack of support when questions / issues arise

Do you have access to an online payment system that offers:

Details of previous transactions

Stores and manages the payment details of all recipients

Multiple settlement options

Multi-lingual e-mail notifications to recipients when payments have been made

An automated approval process with various user rights

Easy upload, download and translation of payment files from your ERP / accounting system

Management Information reports on payments

None of the features mentioned

Does your organisation use cross-currency risk management tools e.g. Forward Contracts?

Yes

How many foreign beneficiaries do you have?

0-100

1,001 - 2,500

101-500

More than 2,000

501-1,000