Case Study: Everyday Cashmere gains greater FX certainty and planning confidence with OFX

Everyday Cashmere manages $50,000 stock costs with OFX

Everyday Cashmere, a small business selling versatile cashmere clothing, faced challenges with cash flow and planning due to the high cost of importing materials and unpredictable currency fluctuations when paying its overseas suppliers. The company needed to manage its foreign exchange needs more effectively to gain cost certainty.

OFX provided a personal service through a dedicated OFXpert who became an extension of the Everyday Cashmere team. The solution included proactive monitoring of exchange rates and the ability to lock in fixed rates for future orders. This gave the business greater predictability for its cost base, improved financial planning, and allowed the founder to focus on other areas of growth.

Everyday Cashmere