Case Studies » Computer Wholesaler
Circumstance:
A Canadian based computer wholesaler has a just in time supply chain based in the U.S. and imports computer equipment on a weekly basis. Prior to learning about MTFX the computer wholesaler spent a significant amount of time and resources monitoring rates and always worried whether their funds would get there on time. This company had two very simple criteria: capture the best possible exchange rate and ensure that funds were received by their suppliers on time.
Solution:
MTFX worked with this client to ensure that they received the best possible exchange rate on their spot transactions. Their personal Account Executive kept them informed on market trends and market forecasts through our market watch services, allowing the client to take advantage of favorable rates. Upon committing to a trade, MTFX leveraged its global banking partners to ensure that funds were received by their suppliers by the end of the business day.
Outcome:
By combining our market watch services, ensuring that the client received the best possible rates on their spot transactions, and remitting a same day wire transfer the company was able to save both time and money by working with MTFX. The entire transaction was completed over the phone in a seamless straight through process and both the client and the beneficiary received notification that the remittance had been made.