Our client, a Canadian air product supplier, faced challenges in cash flow optimisation. They were based in Canada but struggled to find a cost-effective, efficient payment solution to allow them to make same-day payments to their United States based supplier.

The company grappled with various currency-related challenges, including unfavourable exchange rates, significant transaction fees, and delayed cash flow, affecting profitability and deliverance of goods.

The company implemented local collection accounts in the United States to tackle these issues, streamlining their global receivables with Clearview's support. The Canadian company was able to collect their USD into the accounts, allowing them to make a simple same-day transaction to their supplier when needed without having to face cross-border payment delays. This streamlined their payment and supply process, allowing a more streamlined sales cycle.

Identifying key markets, establishing local collection accounts, and transparent payment processes reduced transaction costs, optimising cash flow.

Local collection accounts improved profitability by reducing conversion costs and fees. Faster payment processing enhanced cash flow, while client convenience improved relationships.

This case demonstrates the effectiveness of local collection accounts in addressing currency challenges, ultimately enhancing financial stability and competitiveness in the global technology sector.

All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers.
Results may vary and customers agree to proceed at their own risk.