Case Study: Proper streamlines cross-border currency management with Pleo Cash Management

Proper streamlines cross-border payments with Pleo in 15 to 20-person finance team

The customer, Proper, a Danish proptech scale-up operating across Europe, faced challenges with managing multiple currencies. Their finance team found the process of handling foreign exchange (FX) fees inefficient and opaque, as the fees were baked into vendor payments and not easily visible. This created unnecessary manual work and mental load for a team that needed to pay vendors in USD, EUR, and DKK while collecting revenue in EUR. They turned to their existing vendor, Pleo, to implement its Cash Management solution.

By adopting Pleo's Cash Management, Proper gained multi-currency accounts that integrated seamlessly with their existing Pleo setup. This solution provided clear visibility on FX fees and automated conversions, eliminating the need for manual currency transfers in their bank. The results included fewer bank logins, fewer manual tasks, and total clarity over cross-border costs. The team gained ease of mind, as currency management became a seamless part of their infrastructure rather than an active concern, allowing them to focus on supporting growth.

Proper