Yuval Keren

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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

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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

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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

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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

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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

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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'

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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

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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

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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

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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

Global Payments

Speed matters: send & receive payments with okoora ABCM™

In today’s global marketplace, speed matters. We don’t want to wait for a reply to an email, text, or social media post , and expect a response in minutes—or seconds. It even happens when we order a physical item from an eCommerce site, we want same-day delivery when

Currency Risk Management

Forward contracts: lock in today’s rates for the future

Exchange rates move constantly. Forward contracts give your business the freedom and flexibility to take the unpredictability out of currency conversion and budget effectively to protect your profit margins from negative market movements. This means no more worrying about exchange rate volatility. Regardless of which direction the market moves you

Global Payments

5 Tips for new exporters

There are millions of businesses across the world that could potentially sell products internationally, but remain strictly domestic. Yet the benefits of selling overseas are clear, even for a successful business: Exporting can help grow revenue and profits. Despite the fact that doing business globally is no longer as complicated

Currency Risk Management

3 tools that will help you reduce exchange rate volatility

Running a business that is exposed to the foreign exchange market means you’ll always be subject to foreign exchange rate risk. Throughout each week, the value of different currencies is always in flux—from hour to hour and from day to day. Foreign currencies can fluctuate in value because

Global Payments

Automated currency management for everyone, everywhere

According to recent surveys, workers spend up to 20 hours per week on performing manual operations and tasks. As a result, the demand for automation tools is on the rise. Whereas there is an abundance of solutions that address a variety of core business operations, the area of financial infrastructure

Global Payments

Expand your global banking footprint—without the fees

Whether your business runs internationally or you’re just considering going global, I’m sure you’d agree that banking procedures are often difficult to predict, frustrating, and involve paying one unexpected fee after the other. To that end, wouldn’t you be interested in the opportunity of simplifying your

Currency Risk Management

Locking exchange rates: turning exchange rate swings to your advantage

Fluctuations in foreign currency rates could cause you to lose money. Maintaining a dynamic response to currency fluctuations requires you to be alert. When you set up an agreement to lock rate, you achieve stability and eliminate risks, meaning you will no longer be affected by exchange rate changes, dramatic

Global Payments

Cross-border accounts made easy

From the piles of paperwork and filling out applications, through bureaucratic procedures and to regulatory compliance, opening a local bank account is associated with a lot of work. Under any circumstances, should you manage to get through the intricacies of foreign accounts, other factors such as transaction and maintenance fees