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.