Thomas Cook India launches FX-Now for corporates

Contactless, seamless and swift foreign exchange services for business travellers
2022-06-27
/
/ New Delhi
Thomas Cook India launches FX-Now for corporates

Thomas Cook says that the new tool provides several benefits for business travellers

The new tool is inbuilt with traveller KYC, corporate travel policy, approval matrix and audit trail, says India’s largest travel firm.
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With the rapid revival of business travel, and with corporates accelerating their digital transformation, India’s largest travel firm Thomas Cook (India) has launched FX-Now – a pioneering digital tool that empowers its corporate segment with convenient, customisable and contactless end-to-end foreign exchange services.

In a press release, it says that foreign exchange procedures require careful documentation and approvals – resulting in complex and cumbersome processes. In an initiative to simplify the process, yet maintain necessary checks and balances, FX-Now ushers in a digitised foreign exchange model that ensures speed, accuracy and seamless services for its on-the-go business travellers.

“The pandemic has served to fast track India’s digital evolution and this is even more so for our corporate travellers – a critical segment for our Forex business. With the current Forex processes being rather cumbersome, requiring significant documentation and approvals, we were keen to eliminate the pain points for our business travellers. This formed the genesis of FX-Now, our cutting-edge corporate self-booking tool that empowers our corporates with simple, swift, convenient and contactless services for end-to-end forex transactions. FX-Now is inbuilt with customisable corporate travel policies, approval matrix and customisable MIS capabilities to further benefit our corporate segment,” says Deepesh Varma, senior vice president, Foreign Exchange, Thomas Cook (India).

Thomas Cook says that the new tool provides several benefits for business travellers that include, simple, swift, convenient and contactless online process, in-built with traveller documentation and KYC for multiple usage, streamlined approval processes saving time and effort, auto recommendation of optimal card to currency mix, smooth coordination with foreign exchange provider. The benefits for corporate enterprise include, incorporates travel policy and approval matrix – customisable per corporate, digital upload of employee master and approval matrix for quick authorisation, automation of critical documentation and data storage, simplified online approval process – single or multiple levels and on-the-go, digitised process ensuring accuracy, comprehensive MIS capabilities, audit trail.

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