EDUCATION
Managing Multi-Currency Operations for an International Education Provider
Client challenge: Handling tuition payments and supplier costs in 12+ currencies created reconciliation chaos.
Shared Responsibility / Light Ownership
"This setup transitioned from client-managed to senior-led as complexity increased."
Challenge
Handling tuition payments and supplier costs in 12+ currencies created reconciliation chaos. The internal finance team was bogged down in FX adjustments and lacked time for tuition forecasting.
OFP Role & Responsibility
What OFP Did
Managed the multi-currency sub-ledgers and performed monthly FX reconciliations. Supported the client in implementing new forecasting tools.
What Client Kept
Retained oversight of global pricing strategy and university partnerships.
Outcome
Seamless management of 12+ currencies with improved reporting timelines. The finance team saw a significant reduction in month-end stress and overtime.
Want to achieve similar financial results for your company?
Request a free consultation with our experts and discover how Outsourced Finance supports Australian and New Zealand organisations in optimising their financial operations.
Request Free Consultation