Case Study: Thought3D achieves faster cross-border payments and lower fees with Fyorin

Thought3D - Customer Case Study

Thought3D, a manufacturer of 3D printer materials, faced significant challenges with its cross-border financial operations. The company struggled with delayed and failed international payments from customers, high FX fees, and a labor-intensive process for paying its global vendors. These manual processes put a considerable strain on its financial team and hindered the company's growth. Fyorin was engaged to provide a solution using its international payments and corporate cards services.

Fyorin provided Thought3D with local USD and GBP accounts to receive and send payments seamlessly, eliminating delays and intermediary banks. The solution also included virtual cards for streamlined online payments and budget management. As a result, Thought3D saved 8 hours per month on manual processing, receives funds instantly, and saves approximately €40,000 per year. This allowed the company to grow its operations without needing to expand its financial department.

Thought3D

Andrei-Andy Linnas

Thought3D