Case Studies » Information Technology
Circumstance:
An information technology firm manages as part of their global infrastructure offshore development offices in Asia and South America. On a monthly basis, their corporate headquarters send funds in local currency to their development offices to cover payroll and overhead expenses.
Solution:
MTFX worked with the client to convert funds at favorable exchange rates into the local currencies of their development offices, and through our network of global banking partners ensured that funds were received on time to effect payroll and overhead expenses. As part of our service offering, MTFX can execute international wire payments to virtually anywhere in the world within 24 hours.
Outcome:
With MTFX’s recurring wire remittance and straight through processes, the General Manager was able to effect payments to his development offices with ease and convenience while still ensuring the best possible currency exchange rates.