Case Study: Inolex achieves major FX savings with TransferMate Global Payments

Inolex - Customer Case Study

Inolex, an independent global specialty ingredients company, needed a better way to manage international payments. Using their bank led to high FX rates, and they also wanted a single platform to view payment history in one place. TransferMate Global Payments provided the payments solution used to address these challenges.

TransferMate Global Payments implemented an end-to-end payments technology solution that removed the traditional interbank process, helping ensure payments arrived on time and in the exact amount. With one portal for transfers and payment history, Inolex saw immediate savings on its first transaction and now saves between $15K and $21K per month in FX fees, including an estimated $28K per year from two internal payroll-funding transactions to France and Germany.

Inolex

Michael Dall

Vice President Finance