Case Study: Veracloud achieves faster global payments and financial efficiency with Fyorin

How Fyorin transformed global payments efficiency for Veracloud

Veracloud, a European managed service provider, faced significant inefficiencies in its financial operations. The company struggled with a highly manual accounts payable process for its 100 monthly supplier bills and had difficulty managing employee expenses and international payments in multiple currencies. These challenges consumed excessive time, introduced errors, and created cash flow visibility problems for their small finance team.

Fyorin implemented its automated Accounts Payable solution, integrated with Xero, and provided Virtual Cards for expense management. This streamlined Veracloud's payments, eliminated manual data entry, and provided real-time cash visibility across currencies. As a result, Fyorin helped Veracloud save 120 hours per year on manual processing and approximately €40,000 annually by avoiding the need to scale their finance team, while also improving their bottom line through faster, cheaper international payments.

Veracloud

John Ellul

Veracloud