Monetor is an automated currency department for corporate market. The market segment is hugely under-serviced and Monetor will offer the similar services that a large corporate enjoys to small and medium sized companies.Non-transparent pricing and partially complex solutions of foreign exchange products coupled with marginal resources and competence are challenging factors for the SME market, when doing cross border business.
Our offering is to gather and analyse vendor invoices, historical transactional information, FX rate feeds thereby providing the user with real-time Monitoring of currency exposure on an invoice by invoice basis. This information will be used to determine the to the customer cost regarding currency exposure and cross border payments. Monetor will execute spot payments and hedge future credits/debits, within the parameters of the firms’ pre-set policy or strategy for managing foreign exchange risk.
Our aim is to reduce the costs to the business and eliminate currency risk.