Empowering Canadian Businesses: FXpert in Action
Operating in more than 190 countries, we support industries that underpin global economies, from hospitality to manufacturing and beyond. As a new member of the Corpay Cross-Border Solutions family, this month we’re turning our focus to Canada, where Corpay Cross-Border is headquartered. The FXpert platform is a valuable tool for businesses in Canada navigating the complexities of foreign exchange markets, especially when tackling risk identification, trading, and hedging solutions.
FXpert’s Value Proposition for Canada
With leading global industries and a diverse export base—spanning energy, agriculture, and technology—Canadian multinationals need to manage fluctuating currency values to remain competitive. FXpert empowers Canadian companies with tools to identify, mitigate, and optimize their FX exposure, ensuring efficient operations and treasury risk management.
Chris Nicholson, SVP and Commercial Director at GPS Capital Markets, emphasizes the importance of a tailored approach: “Our clients in Canada benefit from customized strategies that align with their specific industry requirements. Whether it’s forecasting currency trends or executing trades at optimal rates, FXpert provides the precision and insights necessary for success.”
Supporting the Hospitality Industry
One sector where GPS has demonstrated its expertise is hospitality. With Canada’s vibrant national tourism industry, managing FX risks is critical for maintaining profitability. GPS has partnered with several major hospitality chains to deliver “concierge level” FX services that anticipate client needs.
“We’ve developed and implemented FX programs that enable individual properties to leverage corporate benefits while addressing localized currency risks,” says Nicholson. We provide:
- Preferred FX rates enhanced by group participation
- Active market monitoring and proactive insights
- Customized hedging strategies aligned with corporate objectives
Comprehensive FX Exposure Management
At the heart of GPS’s offerings is FXpert, a platform that streamlines FX exposure management. Designed to simplify complex processes, FXpert delivers:
- Accurate identification of FX risks
- Advanced trading tools to capitalize on market opportunities
- Compliance with regulatory standards, including Financial Conduct Authority (FCA) requirements
Nicholson nsays, “With FXpert, businesses gain a robust solution that integrates seamlessly into their operations, reducing costs and improving efficiency. Our platform is particularly valuable for Canadian companies managing multi-currency transactions.”
FX Currency Exchange Payment Processing
Another key offering of FXpert is its currency exchange payment processing capabilities. GPS combines the strength of a large financial institution with the agility of a dedicated FX expert. Canadian businesses benefit from competitive exchange rates tailored to long-term exposure needs, efficient settlement processes that minimize delays, and a range of payment options designed to align with unique risk profiles.
These features are particularly advantageous for companies in Canada’s resource-driven sectors, where cross-border transactions are frequent and timing is critical.
Conclusion: FXpert in Canada
As part of Corpay Cross-Border Solutions, GPS Capital Markets remains committed to delivering exceptional FX solutions worldwide. In Canada, FXpert’s advanced tools and personalized services empower businesses to navigate currency volatility with confidence. Whether it’s through customized hedging strategies, efficient payment processing, or proactive market insights, we ensure clients are well-equipped to succeed.
“Our mission is to simplify the complexities of foreign exchange,” Nicholson concludes. “With FXpert, we provide Canadian businesses the tools they need to achieve their financial goals and strengthen their competitive edge.”
