AFEX, a non-bank provider of foreign exchange payment solutions, has launched an enhanced version of its’ AFEXDirect.
The development features improved search and display options, the ability to schedule payments to recipients directly from available funding balances and an overview of currency exposure, to simplify international treasury management.
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According to AFEX, the move was necessary as an increasing number of mid-sized businesses engage in commerce across borders, increasing the importance of mitigating currency risks.
"The latest release of AFEXDirect arrives amidst an uncertain environment in the Euro-Zone, and our enhanced product gives our clients a robust suite of tools to comprehensively manage their exposure to the Euro and other currencies," said AFEX executive officer Jan Vlietstra.
The firm hopes that the new release will improve transaction processing time while decreasing administrative workflow for their 15.000 commercial customers.
According to global evp, Guido Schulz, the enhancements ensure that the platform remains easily navigable: "Our foremost goal is always to provide customizable international payment, treasury management and foreign exchange solutions that are unmatched in the global payment industry. We believe these updates allow clients to focus on what they know best, conducting global commerce," he added.
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