Western Union Business Solutions is a global brand in money transfers, with a monopoly on the consumer market. In March 2012 Western Union acquired Travelex Global Business Payments to assist with the SME/enterprise market space. Taking them firmly to the top as the world’s largest non-bank provider.
This side of the business is known as Western Union Business Solutions and is the part that Toby Jones, represents within the North West. Western Union is one of the founding members of the New York Stock Exchange, a fortune 500 company and transact to over 200 countries and trade in over 140 different currencies. As a presence locally the work with 510,000 retail outlets from large cities to remote outposts worldwide.
With the size of Western Union comes a great opportunity to help clients to build a strategy to minimize their exposure to the currency markets, whether by providing a central treasury function, a full hedging strategy, a complete automated procure to pay process or a revolutionised vendor management system.
Over the last few years Western Union have developed strong relationships within the Chemical Sector and have built solid foundations with companies such as William Blythe, Harman Technologies, Contract Chemicals & Mexichem Europe.
Toby Jones’s aim is to build a partnership with his clients, to work closely and help to avoid risk as best we can, Western Union offer bespoke solutions & tools used to achieve this.
For example a great tactic to help UK companies avoid the impact of the Eurozone crisis is to look to trade in alternative or additional markets. Increasing exposure to the emerging market success stories such as Brazil & China will help UK SME’s in the medium to long term. The currency markets are extremely unpredictable and it helps to have an expert on hand!
