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Case Study: Manufacturing and FX

How EncoreFX helped Shaw Almex become more resilient to Currency Risk Managing exchange rate volatility had long been a source. READ MORE

How EncoreFX helped Shaw Almex become more resilient to Currency Risk

Managing exchange rate volatility had long been a source of frustration for Ryan Neufeld.

 

Ryan is the CFO of Shaw Almex, a global business that manufactures industrial conveyor belts for customers in 70 countries. With project lead times of up to 8 months, unchecked exchange rate fluctuations have the potential to devastate his profits. And, like most businesses, Ryan was handling his foreign currency transactions and payments through his bank. But the lack of flexibility and personal touch was really getting to him.

 

Enter EncoreFX. With the proactive advice and dedicated communication he gets from his EFX dealing team, Ryan has replaced rigid 12-month contracts with shorter solutions and more flexible products. And with renewed confidence in their margins and projections, Ryan’s team can plan everything better —from production requirements to marketing campaigns— thanks to EncoreFX.

“The banks had very little flexibility... they couldn't give us any creative solutions to address our concerns.”
almex group logo
Ryan Neufeld
CFO, Shaw Almex

Learn how Shaw Almex overcame the following challenges:

  • Inflexible products & lack of support from traditional banks
  • Inability to account for exchange rate volatility in budgets & future projections
  • Resistance to complex strategies because of unreliable reporting