Case Study: Blue J cuts FX fees and automates financial operations with Float

Blue J Secures Corporate Spending With Float

Blue J, a Toronto-based legal technology company, faced significant challenges with foreign exchange fees and financial inefficiency as it scaled. Paying US vendors from Canadian accounts cost up to 3% in FX fees per transaction, and manual processes for reimbursements and spend tracking were creating major bottlenecks for its finance team, led by Director of Finance Charlie Fazackerley.

By implementing Float’s USD accounts and virtual cards, Blue J was able to pay vendors directly in USD, eliminating FX fees entirely. The solution also automated reimbursements and integrated seamlessly with NetSuite for flawless reconciliation. This allowed Float to save the company thousands of dollars per month in fees, reclaim over 350 hours annually, and completely eliminate manual reconciliation errors.

Blue J

Suzanne Gratch

Vice President of Finance