Client Background
A prominent machinery and spare parts trading company operating in the UAE faced significant challenges in managing its international payments. The company frequently dealt with large transactions involving suppliers across various countries, leading to high costs and inefficiencies.

The Challenge
The finance team struggled with delays and unfavorable exchange rates when transferring funds to overseas suppliers. Existing banking relationships were proving inadequate, and the lengthy transaction processes led to increased operational costs. The team needed a more efficient solution to streamline their payment operations while minimizing costs.

The Solution
Hubpay’s Corporate FX Platform

At a crucial time, Hubpay connected with the finance team, offering a tailored solution to their payment challenges. Hubpay’s competitive foreign exchange rates and transparent pricing model caught the attention of the finance team. After a detailed assessment of their needs, it was clear that Hubpay could provide significant savings and enhance operational efficiency.

The Results
After receiving management approval, the trading company onboarded with Hubpay. Over the next month, Hubpay’s Sales and FX teams collaborated closely with the finance team, successfully facilitating multiple transactions to various suppliers worldwide.

The results were impressive:

• Savings: 20,000 AED saved through competitive rates.

• Volume: Efficient transfer of 5 million AED to international suppliers.

• Efficiency: Streamlined processes completed within 4 weeks, backed by ongoing support from Hubpay’s dedicated team.

Key Takeaways:

• Cost Savings: 20,000 AED saved through enhanced exchange rates.

• Volume Management: 5 million AED successfully transferred to global suppliers.

• Operational Efficiency: A seamless process completed in 4 weeks with continuous support from Hubpay.