Business Forum Co-Sponsored By HiFX and Robert Half Offers Local Companies Advice on International Expansion.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- HiFX and Robert Half brought together more than 100 financial executives for an International Business Forum to discuss key considerations in expanding overseas. The diverse group of panelists focused on the challenges that prevent many middle-market companies from successfully executing international growth plans. Panelists included Kenneth Goldman, former CFO See Chief Financial Officer. of Siebel Systems Siebel is a brand name of Oracle Corporation. Siebel Systems, Inc., founded by Thomas Siebel in 1993, was principally engaged in the design, development, marketing and support of CRM applications. ; Gary Peterson, Managing Director, Protiviti Inc.; Ron Saake, International Tax Partner, Deloitte & Touche; and Amarjit Sahota, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , HiFX Inc. "Many middle market companies shy away from Verb 1. shy away from - avoid having to deal with some unpleasant task; "I shy away from this task" avoid - stay clear from; keep away from; keep out of the way of someone or something; "Her former friends now avoid her" expanding overseas because they feel that the challenges associated with expansion are too great," said Amarjit Sahota. "Challenges are inevitable, but they are not insurmountable. The key to success is to seek out the appropriate partners and advisors to assist with identifying and managing those risks." At the forum, panelists offered local executives first-hand knowledge of the variables that companies should pay close attention to when expanding overseas. These variables include: * Foreign currency fluctuations * Import and export restrictions * Local personnel policies * Local management practices * Telecommunications and data infrastructure * Cultural differences * Regulatory and reporting requirements. "Currency fluctuations can raise overall costs for a mid-sized company by a substantial amount," said Sahota. "We work with our clients every step of the way, providing guidance and securing the best foreign exchange rates available. It's our business to know and effectively address the various foreign exchange issues companies face when trying to apply their domestic business model across international borders." A full recap of the forum can be found via HiFX's website at http://www.hifx.com/business/foreign_exchange_advisory_services/events /fx_trade_analysis.aspx (Due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) HiFX is a specialist financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company providing a range of consulting services to companies expanding overseas. Sponsorship of the International Business Forum is part of HiFX's larger objective to encourage active dialogue between its advisory board, network of partners, clients and other professionals engaged in the risk and treasury management company. HiFX also encourages industry dialogue through its online "Ask the Council" forum. Via the forum, which is open to the public, the HiFX advisory board welcomes questions from any risk management and treasury executives. Executives can submit their query online via the HiFX website and will receive a quick response from HiFX's network of partners and advisory council. http://www.hifx.com/business/foreign_exchange_advisory_services/our_ne twork/ask_a_question.aspx. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) The company's advisory council includes former C-level executives from Siebel Systems, Transamerica Finance Company, Levi Strauss
Levi Strauss, born Löb Strauß & Co. and Safeway Inc. About HiFX HiFX is a specialist financial services company, providing a range of foreign exchange advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal spanning all foreign exchange products, to corporate and individual clients. Its network of offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , UK, Europe, and Australasia manages $35 billion in corporate foreign exchange transactions annually. HiFX is trusted by more than 2,000 companies in more than 100 different industry sectors from airlines to major technology companies. The company website can be found at http://www.hifx.com. |
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