Case Study: Sourcing Systems International reduces international payment costs with Veem

Sourcing Systems International moves nearly 100% of payments through Veem

Sourcing Systems International, a US-based sourcing company specializing in metals and plastics for small to medium-sized businesses, faced significant challenges with expensive and cumbersome international bank wires. These high transaction fees and complex processes were a major pain point for their operations, which require frequent payments to global suppliers. They sought a better solution and partnered with the global payments provider Veem.

By implementing Veem's service, Sourcing Systems International streamlined its payment process, saving a massive amount on wire fees and transactional charges. The ease of sending and receiving payments led them to route nearly 100% of their transactions through Veem. This cost savings allowed them to reduce prices for their own customers, enhancing their overall value proposition. The solution from Veem effectively mitigated their initial financial challenge and improved operational efficiency.

Sourcing Systems International