Global Payments

Navigating Cross-Border Payments: A Guide

Examine the options available for B2B cross-border payments today and explore a cutting-edge solution for your international transactions. Gain a leg up in the realm of digital payments today.

Company News

Okoora reaches 15,000 customers, continues scaling

Okoora is experiencing rapid growth as our company establishes the ABCM platform as the dominant solution of its type in the Israeli market and for our expansion into European markets. Exponential growth at okoora Growth has been rapid. One year after launching ABCM in January 2022, okoora had 7,000

Guides

15 KPIs CFOs should follow

To succeed as finance leader and/or CFO in your company you need to keep track of the right key performance indicators (KPIs) to assess your company’s performance and financial health. The KPIs chosen should both help you direct your own efforts to manage the business’ finances and also

Currency Risk Management

How does hedging forex with a forward differ from a cylinder?

For any business involved in cross-border transactions, it is crucial to protect the value of your currency holdings amid foreign exchange rate volatility. Two of the more basic hedging strategies available are buying a forward and buying a cylinder. While both can protect you from extreme price movements, there are

Currency Risk Management

Defining and Addressing Foreign Exchange Risk

Foreign exchange risk is an ever-present threat for any business that operates in multiple currencies, including small import-export firms, multinational corporations and everything in between. What seems to be a deceivingly simple concept, foreign exchange risk, can actually be subdivided into three distinct risks that occur when operating in multiple

Product

Okoora launches new App Marketplace for ABCM users

Okoora announced the launch last week of its new App Marketplace for the ABCMTM platform. The marketplace will provide a place where businesses can buy additional services to complement the core functionality of their subscription plans. As of now, there are nine different apps in the marketplace. They are:   * Free

Currency Risk Management

What is exotic currency trading? Or how do I send $1M to a supplier in Thai baht?

Exotic currency is the name given to foreign currencies not commonly traded in the global forex market. Typically, exotic currencies are characterized by high volatility, low liquidity and aren’t traded globally. Exotic currencies tend to be associated with emerging economies. Because most people who are trading in currencies don’

Global Payments

Is Airbnb adding a foreign exchange charge to its guest service fee a missed opportunity?

Foreign currency exchange can be costly for travelers unless the business that serves them makes use of the latest competitive options on the market –and nowhere is this more true than when booking lodgings. For example, when booking a hotel room abroad, your credit card company will typically take a

Currency Risk Management

5 Basic Principles to Hedging Correctly

Whether hedging foreign exchange, commodity prices or interest rates, there are a handful of basic principles that should be followed to ensure you get the results you seek.  In a nutshell, hedging is the process of offsetting the risk of price movements in the spot market by locking in a

Product

3 new features streamline account opening and payments

okoora is proud to announce today the release of three new features for the Automated Business Currency Management (ABCM™) platform: one-click foreign account opening, known as Payments Account, Payment on Behalf and Fast Payment. At okoora we spend a lot of time listening to customers and thinking about what they

Product

Enhancing your currency management experience: introducing our new Dashboard

In today's dynamic currency management market, staying ahead of the curve and ensuring the safety of your investments is crucial. At okoora, we've always believed in listening to our valued customers and addressing their needs. We've heard your feedback, and that's why

Product

Discover our new Quick Action Panel in the Dashboard

In today's ever-changing world, many companies are jeopardizing their company’s profit line due to high volatility in foreign currencies. It is impossible to overlook the intermediate product—foreign currency—when a company is involved in import or export activity. For this reason, it is crucial to take

Product

Manage your business activity visually

The foreign exchange market can be overwhelming with vast amounts of data, news, and market events. Many businesses that engage in import or export activities might find it difficult to track multiple operations at once.  That is why we have created a visual ‘Calendar’ feature in the Dashboard. Firstly, it

Currency Risk Management

What is forex hedging & why do you need it?

Due to the known volatility of currency exchange rates, companies engaging in cross-border activities are exposed to the risk of unexpected shifts that might impact on their profit margins and disrupt financial stability.    Forex hedging is about managing risk    Forex hedging is a risk management strategy used by companies that

Product

Stay current on currencies relevant to your business

In a world where economic conditions and geopolitical events can swiftly affect currency values, staying informed about the foreign exchange market is not merely an advantage; it is a strategic imperative for businesses seeking to thrive in the global economy.  Staying updated about the foreign currency market, in today'

Product

Revolutionize your financial infrastructure with okoora's Banking-as-a-Service solutions

In today's fast-paced and dynamic financial landscape, businesses need innovative solutions to stay ahead of the competition and meet the evolving needs of their customers. Okoora is at the forefront of this revolution with its cutting-edge Banking-as-a-Service (BaaS) solutions. By integrating with okoora's BaaS suite, businesses

Currency Risk Management

What are the risks in the foreign exchange market?

The currency market is the largest investment market in the world, with an average daily volume of about five trillion dollars. Foreign currencies can fluctuate in value because of inflation, unemployment, or election results. Volatility can also be triggered by other news or global events like weather or pandemic. Running

Product

Hedge your cashflow with okoora ABCM™

Cashflow is the lifeblood of every business, and a company’s stability is ultimately determined by its ability to sustain a positive cashflow for the long term. Keeping a positive cashflow, where your income is higher than your expenses, can take a negative turn if you don’t consider exchange-rate

Product

okoora ABCM™ makes your life easier with OCR Invoice Processing

Financial & accounting documents play a critical role in driving business processes. Businesses handle & verify various financial or accounting documents such as invoices, receipts or purchase orders as part of their daily workflows. And as businesses grow, they have to handle & process a lot of financial documents. Organizations

Currency Risk Management

FX option- an insurance policy that protects you from currency markets movements

FX options are effectively an insurance policy that can be a great way to hedge an investor's spot in currency market. Currency market fluctuations can have a lasting impact on cash flow whether it is buying a property, paying salaries, making an investment or settling invoices. By utilizing

Currency Risk Management

What makes the currency market move?

The currency market is the largest investment market in the world, with an average daily volume of about five trillion dollars. Currency prices can fluctuate based on the economic situation of the countries whose currency you’re trading, world news, political actions, and several other reasons. In this article, we

Global Payments

Make the most out of your payments with okoora ABCM™

Sending payments abroad? From now on, you can schedule outgoing payments in advance and at the same time set future purchase rates! With okoora's ABCM™ you will never miss out on favorable currency rates again. Okoora's ABCM gives you the power to seize strategic market opportunities

Product

Increase your income by making strategic short-term deposits with okoora ABCM™

Why choose to let cash lay idle when it can earn passive income? Okoora ABCM platform offers you significant multi-currency short-term deposits so profits can earn income until the moment you decide to use them. With okoora's savings, you can manage your multi-currency surplus far more efficiently and

Global Payments

Pay your global teams everywhere with okoora ABCM™

With okoora ABCM you can pay your global teams everywhere in their local currencies through one intuitive module. Our flexible automated payout features enable the organization of payments into groups of your choice with preset terms that you control. Okoora ABCM enables you to save time, expense, and effort by

Currency Risk Management

Top 4 mistakes that companies make in currency risk management

Every business that uses a foreign currency becomes vulnerable to currency rate fluctuations. The rate's ups and downs will impact the business's future worth and its medium and long-term competitiveness. Businesses can suffer a dead loss if the currency changes to their disadvantage between the time