Case Study: Global Commodity Organization cuts payroll payment costs and speeds payouts with Strada

Commodity organization using Strada payment service network to manage payroll payments to their global workforce

a global commodity organization with 26,000 employees across 10 countries was facing challenges with its payroll services. Their previous method of using banks was unreliable, expensive, and operationally burdensome, leading to delayed and sometimes costly payments for their employees. They partnered with Strada to implement its payment service network for a more efficient solution.

Using the Strada payment service network, the organization centralized its payment and treasury reporting. This resulted in a 50% reduction in payment charges, the removal of ongoing FX adjustments, and a decrease in payment processing time from 5 days to just 1 day, significantly improving cash flow and employee satisfaction.