
Challenge:
A global logistics company was facing inefficiencies in settling payments with international suppliers, especially those in remote regions. The traditional wire transfer process was slow and costly, leading to cash flow issues and supplier dissatisfaction.
Solution:
We introduced a hybrid ACH and wire transfer system that allowed for low-cost, fast payments for international transactions. We set up a multi-currency payment system to streamline cross-border payments and facilitated ACH payments for both clients and suppliers, reducing reliance on traditional wire transfers.
Results:
- The time for payments to suppliers decreased by 50%, improving cash flow management.
- Costs associated with international transactions were reduced by 40%.
- Supplier relationships were strengthened due to quicker and more reliable payments.
Value Added:
- The company gained better control over their cash flow and financial operations.
- Strengthened global supply chain relationships helped maintain smooth operations, with suppliers being more willing to negotiate favorable terms.
- The logistics company reduced operational costs, allowing reinvestment in key business areas.
Other Projects In Category
Global E-Payments Inc.
Projects Categories
- ACH (Automated Clearing House)
- Automated Billing and Invoicing
- Digital or E-Wallets Services
- Point of Sale (POS) Systems
- Prepaid Card Programs
- Subscription and Recurring Payments
- PCI (Payment Card Industry) Compliance
- Payment Processing Solutions
- Payment Gateway Integration
- Payment Dispute and Chargeback Resolution Services
- Payment API and Developer Tools for Software Integration
- Payment Analytics and Reporting Tools for Businesses
- Fraud Detection and Prevention Solutions
