Veem
29 Case Studies
A Veem Case Study
Flower Essence Services, a longtime global supplier of flower essence products, faced major inefficiencies collecting overseas payments through banks. Third-party routing, unclear fees, lost funds, and cumbersome paperwork made it difficult to know how much money would actually arrive—about one-third of transactions had problems. Veem helped Flower Essence Services replace the old SWIFT-based process with a simpler way to receive international payments.
Using Veem, Flower Essence Services gained real-time tracking and exact-amount receipts, reducing uncertainty and bank-fee surprises. The solution was especially successful with Euro-zone distributors, where Veem provided a lower-cost alternative that also helped reduce exchange-rate volatility. Flower Essence Services reported success with the platform and plans to expand its use as Veem grows its services to more countries.
Richard Katz
Flower Essence Services