Healthcare & Medical Equipment
Healthcare Company Saves 30,000 AED with Hubpay
Discover essential steps to start a trading business in Dubai, including legal requirements, marketing strategies, and cross-border payments.
Client Background
A leading healthcare and medical equipment trading company in the UAE specializes in importing high-quality medical supplies and equipment from Europe and the UK. With a diverse product range, the company plays a critical role in supporting the healthcare sector in the region.
The Challenge
The finance team faced challenges when managing large transactions to pay suppliers in Europe and the UK. Lengthy approval processes with existing banks, along with unfavorable exchange rates, resulted in higher costs and delays in payments. The company needed a more efficient way to handle international payments while ensuring timely deliveries of essential medical equipment.
The Solution: Hubpay’s Corporate FX Platform
Hubpay reached out to the finance team at a pivotal moment, offering a solution tailored to their unique requirements. After a thorough evaluation of their payment needs, Hubpay’s competitive foreign exchange rates and transparent pricing model stood out. The company realized that partnering with Hubpay could lead to significant cost savings and streamline their payment processes.
The Results
Following management’s approval, the healthcare trading company onboarded with Hubpay. Over a period of 5 weeks, Hubpay’s dedicated Sales and FX teams collaborated closely with the finance team, facilitating seamless payments to multiple suppliers across Europe and the UK.
The outcomes were remarkable:
Savings: 30,000 AED saved through favorable exchange rates and reduced fees.
Volume: Efficient transfer of 8 million AED to various international suppliers.
Efficiency: A streamlined payment process completed within 5 weeks, with continuous support from Hubpay’s expert team.
Key Takeaways
Cost Savings: 30,000 AED saved through competitive rates and reduced transaction costs.
Volume Management: 8 million AED successfully transferred to suppliers in Europe and the UK.
Operational Efficiency: A smooth process completed in 5 weeks, backed by Hubpay’s ongoing support.
Open a free multi currency account with Hubpay
We help companies all around the globe to send money in the easiest and cheapest way using multiple currencies. Talk to Hubpay Corporate FX team today
Share this case study on
Benefits of our multi-currency account
Hubpay offers best-in-class benefits, allowing you to focus on growing your business while we handle your payment needs seamlessly.
Virtual IBAN
Access named Virtual IBANs in multiple currencies, allowing direct local payments to simplify cash flow and reduce international transaction costs.
Payment links
Request payments from your suppliers by uploading beneficiary details and creating payment requests. Speed up your collections with fewer manual errors.
Hedging
Protect your business from market volatility by locking in exchange rates with a 5% deposit, ensuring stability against currency fluctuations.
Hubpay supports many businesses
Get your free multi currency account
Multi-currency global account made for UAE Businesses. Get a free consultation for your business.