Case Study: International HR and tax consultants reduce foreign exchange transaction risk with Cashfac

International HR and tax consultants reduce risk on client accounts

An international HR and tax consultants company faced significant challenges in manually managing its global client accounts. The process for handling bills, invoices, and multi-currency payments was time-consuming, prone to errors, and lacked the transparency clients requested. Cashfac provided a solution to automate these onerous processes and mitigate foreign exchange transaction risks.

Cashfac implemented a single, automated platform to virtualize the client account infrastructure. This provided real-time visibility, automated payment collection and reconciliation, and integrated with the firm's back-office systems. The results for the client included a major reduction in manual processing, increased operational efficiency, and enhanced security for client funds.