Case Study: Zoratto Enterprises saves $50,000 with OFX

How OFX became like one of the family at Zoratto Enterprises

Zoratto Enterprises, a third-generation family-owned Australian wholesaler of kitchenware and craft supplies, faced the challenge of costly and impersonal international payment processes when dealing with major banks. The company turned to OFX for a more seamless and cost-effective foreign exchange service to pay its overseas suppliers.

OFX provided a personalized service and a key solution through its Forward Contract product. This allowed Zoratto Enterprises to lock in a favorable USD/AUD exchange rate, protecting the business from sudden currency volatility. This strategy directly saved the company an estimated $50,000, safeguarded its profit margins, and prevented the need to increase prices for customers. The relationship with OFX is so valued that the family plans to continue using its services for the next generation.

Zoratto Enterprises

Andrew Zoratto

Operations Manager