Customer case
S.Eldad improves control and reduces cost through international payments
COMPANY
S.Eldad
LOCATION
Israel
INDUSTRY
Aluminium accessories
Number of annual
payments
200
Products used
FX,
International payments
S.Eldad provide aluminium solutions for Doors, Windows and etc
Most of their suppliers are worldwide, primarily in China, Spain, UK, US
The Challenge:
They had to improve the payments flow of funds to the suppliers. They have used several suppliers, one to make a conversion and a bank to make the payment. The process was both expensive and time consuming.
Solution
S. Eldad uses a consolidated solution provided by Hedgewiz, to make a conversion, hold funds abroad and make international payments electronically.
Results
The total cost of conversion and payments was reduced from 1000$/month to 300$/month. Payments are fast and controlled through a single online platform.
