Case Study: Ravelin achieves accurate FX reporting and predictable revenue with Bound

How Ravelin locks in exchange rates and achieves accurate reporting with Bound

Ravelin, a cybersecurity company, faced challenges with unpredictable revenue and inaccurate financial reporting due to foreign exchange fluctuations when converting USD client payments to GBP. To meet profitability targets, they needed a stable forecasting system and turned to Bound for a solution using its FX risk management services.

By implementing Bound, Ravelin was able to lock in exchange rates for upcoming invoices, ensuring revenue predictability. The solution streamlined their reporting by feeding accurate data directly into Xero and their P&L. This process took just minutes each month and had an unexpected measurable impact, consistently adding an extra $10,000 to $15,000 in monthly revenue by outperforming the market.

Ravelin

Khushil Patel

Senior Management Accountant