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In the face of increased currency market volatility, Frontierpay partners with The Hackett Group to call for firms to improve their management of FX risk

28 June 2017

Frontierpay, the foreign exchange and international payments provider, has partnered with strategic consultancy and best practices implementation firm, The Hackett Group, to raise awareness of the modern risks associated with foreign exchange and payment compliance, in a time of increased currency market volatility.

The call came during a webcast on 14th June, in which Frontierpay spoke to members of The Hackett Group’s Payroll Advisory Program about the need for more companies to have comprehensive contingency plans in place to manage their international payments, in response to the volatility in today’s FX market.

Nat Davison, Partner at Frontierpay, commented, “In today’s world of increased global mobility, many payroll, finance and HR managers are finding themselves in unchartered territory, as they are increasingly responsible for making payroll to employees all around the world. Ensuring that these payments are fully compliant with the local financial laws and regulations can be a daunting challenge in itself. However, the turbulence that we are seeing in the FX market, as a result of global events such as the UK general election, Brexit and the recent acts of terrorism across Europe, adds an additional layer of complexity. It’s important for Payroll and Treasury functions alike to be aware of the challenges involved and to ensure that they are sufficiently prepared.”

Working with its extensive client base of companies in the Dow Jones Industrials, DAX 30, and FTSE 100, The Hackett Group has extensive first-hand experience of the challenges associated with international payroll.

Felicia Cheek, Global Leader of The Hackett Group’s Payroll Advisory Program, commented, “Our members pay employees in a multitude of countries around the world, and like most global companies, the turbulence that we are seeing today in the foreign exchange market can present additional risks. It’s vital, therefore, that businesses are managing currency risk effectively, and given the time-sensitive nature of payroll, that processes are in place to ensure that payment channels are reliable and compliant. We are pleased to offer a webcast that helps raise awareness of these challenges and share valuable insights with our Global Payroll Advisory Program members.”


Notes to editors

About Frontierpay
Frontierpay is a specialist foreign exchange and payments service. Regulated by the FCA, the firm delivers cost effective and dependable cross currency and same currency payroll payments across 180 countries. Frontierpay’s mission is to ensure our customer’s payroll gets made on time, every time.

Using a global banking network and boasting unrivalled access to 140 currencies and with the speed and nimbleness of a smaller independent firm, Frontierpay is uniquely placed to deliver a comprehensive foreign exchange payments service beyond borders.

About The Hackett Group
The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices implementation firm to global companies, offering digital transformation and enterprise application approaches including robotic process automation and cloud computing.

For further details about this press release please contact:
Alex Sedgemore or Tom Hindle
Tel – 01865 770381
Email – frontierpay@wearebottle.com