Case Study: Elite Group achieves faster cross-border operations with Fyorin

How Fyorin's Unified Treasury Streamlined Cross-Border Operations for Elite Group

Elite Group, a provider of managed services and telecommunications solutions in Europe, faced significant challenges in managing its cross-border financial operations following a merger. The company struggled with the slow process of opening local bank accounts, high foreign exchange fees, and a lack of a unified view of its finances across multiple currencies. These traditional banking obstacles hampered growth and complicated payroll and supplier payments. Elite Group turned to Fyorin for a solution using their unified treasury, international payments, and corporate cards products.

Fyorin implemented a unified treasury solution that provided Elite Group with local EUR and GBP accounts, drastically reducing the time to set up operations in new countries. This eliminated costly FX fees and sped up payments to staff and suppliers to under 24 hours. The platform also delivered full financial visibility and control, while virtual cards with 0% fees and cashback turned a cost center into a revenue stream. As a result, Fyorin helped Elite Group save 90 days on compliance processes and $120,000 per year on manual payment processing.

Elite Group

Rodger Williams

Elite Group