- page 7

7
MARCH 2017
«
The Canadian Business Journal
At Cambridge, the goal is to provide an
institutional level of sales, service, technology,
expertise and product brand to a mid-sized
corporation or customer that typically doesn’t
receive that same level of care and attention
from a tier-one financial institution. It’s a case
of integrating with corporations’ native tech-
nology, whether it be an enterprise resource
planning system or an accounting system to
streamline and automate the process with
respect to making their international payments
with the same ease and efficiency that they’re
used to making with their domestic payments.
The focus on corporate payments and risk
management at Cambridge coincided with
two major shifts in the industry that really
began to take hold in 2014. First, there was the
overall increase in cross-border transactions,
currency volatility and a heightened regulatory
environment. Secondly, there’s the use of ever-
evolving technologies.
“Our corporate customers are coming
to us for technology solutions to automate
processes, to streamline the execution of
cross-border payments, to support their
accounts’ payrolls and we’ve developed spe-
cific vertical technology solutions in support of
that,” notes Frey.
Managing the risk associated with doing
business internationally, whether it’s foreign
currency accounts payable or whether it’s
a more export-oriented organization that is
receiving payments in foreign currencies from
customers all over the world, is another big part
of the equation. Cambridge manages risks in
receiving those foreign currencies and it’s also
streamlining the process from a correspondent
banking perspective to give companies access
to a global banking footprint that makes it easy
for them to conduct business.
A number of business industries are already
taking full advantage of the excellent services
provided by Cambridge Global Payments, with
many more now following suit. International
healthcare and travel-assist are prime examples
of burgeoning markets. Cambridge is also the
official and exclusive international payments
provider for the Women’s Tennis Association,
the principal international organizing body of
women’s professional tennis.
“We’ve identified seven specific verticals
but there’s a few where we’ve become leaders
and experts on,” adds Chief Commercial Officer
“Our corporate customers are
coming to us for technology
solutions to automate
processes, to streamline the
execution of cross-border
payments, to support their
accounts’ payrolls and we’ve
developed specific vertical
technology solutions in
support of that.”
– Mark Frey, COO,
Cambridge Global Payments
1,2,3,4,5,6 8,9,10,11,12,13,14,15,16
Powered by FlippingBook