Client Background
A prominent UAE-based trading company specializing in raw materials for various industries—including FMCG, pharmaceuticals, and construction—faced significant challenges in managing its international payments. The company needed to transfer 10 million AED from a supplier overseas to ensure timely deliveries for ongoing projects.

The Challenge
The finance team began negotiations with their existing banks to facilitate this large transfer. However, the process was cumbersome, with slow response times and uncompetitive exchange rates leading to potentially high costs for the transaction. The team realized that they needed a more efficient solution to manage this critical payment.

The Solution

Hubpay’s Corporate FX Platform
At the right moment, Hubpay’s outreach connected them with the finance team. After assessing their requirements, Hubpay's team identified that they could facilitate the payment with competitive rates and transparent pricing. The company discovered that using Hubpay could save them 25,000 AED on the transfer.

The Results
Once the management approved the onboarding with Hubpay, the finance team worked closely with Hubpay’s Sales and FX teams over a span of 4 weeks to facilitate the full transfer of 10 million AED. The process was smooth and efficient, ensuring timely delivery of essential raw materials.

Key Takeaways

• Savings: 25,000 AED saved with competitive rates.

• Volume: 10 million AED successfully transferred to suppliers.

• Efficiency: A streamlined process completed in 4 weeks, with continuous support from Hubpay’s team.