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ACFID National Conference 2023
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F2.1b Best Practices in Currency Procurement

Concurrent Session

Concurrent Session

12:30 pm

19 October 2023

Function Room 2

Concurrent Session #2 Day 2 (90 mins) R2

Session Description

Learn how to maximise the value of your donor funds when transferring them to projects and partners overseas. This session will explore how to leverage the power of local currency to ensure the most effective procurement of funds whilst minimal financial wastage. We will look at the hidden costs of transferring funds internationally and go over the best practices when it comes to the procurement of foreign currency. Featuring CBM Australia they will share their experiences from the field and details of their journey and learnings.
 
 StoneX Financial Ltd and CBM Australia will share insights about:
 * How money moves internationally and where the hidden costs are
 * Best practices from the field for procurement of currency such as competitively bidding out your flows to multiple providers
 * Strategies your finance team can apply to your fund's transfer processes to eliminate financial wastage 

Speakers

Resources