Businesses looking to gain a competitive edge in 2018 are considering adding global expansion to their strategy. International expansion gives businesses the opportunity to add new revenue streams and take advantage of opportunities in new marketplaces for more extensive reach.
However, there are a number of things to consider before jumping into new international markets. Velocity Global teamed up with AFEX to discuss some of the ways that you can streamline your entrance into these new areas with smarter solutions.
In this webinar, we discussed how to:
- Implement global expansion solutions that are agile, flexible, and cost-effective
- Better manage foreign exchange while mitigating risk
- Simplify your global payment solutions and growth goals for 2018
See all the benefits discussed in the webinar here.
Staying Agile and Streamlining Global Expansion
Greg Thiessen, Director of Finance at Velocity Global, kicked off the webinar by discussing some common expansion challenges that companies face when going global. These include compliance, budgets, hiring, and payroll management, among others.
Greg’s topics of conversation included:
- Adapting Agile and Why It Matters
- Innovative Solutions to Streamline Global Expansion
- Reducing Costs and Mitigating Risks
He then went on to describe how companies can utilize agile concepts, like International PEO, to make the international expansion process simpler. These agile solutions provide flexibility, speed to market, risk mitigation, and cost efficiency that companies desire when going through the expansion process.
Foreign Exchange Risk Considerations
Greg then passed the torch to our AFEX team to present on foreign exchange and what’s in store for international businesses in 2018. Laura McLoughlin, Partnerships Director, and Robert Bollé, LA Regional Manager, provided their expert insights on foreign exchange risk considerations and how to manage them when taking business overseas.
AFEX hit on topics including:
- Foreign Exchange Markets
- Foreign Exchange Trends for 2018
- Risk Management Solutions
Go Global with Confidence
When looking ahead with your own expansion strategy, there is a lot to consider. If you have plans to go global this year, our latest webinar with AFEX can help you uncover strategies to simplify the process, as well as informational insights on how to best handle foreign exchange.
View the recorded presentation here.