How logistics company ‘Allsome’ cut international payment costs by 20% with Instarem
This article covers:
The Company
AllSome is an innovative parcel tracking system that provides e-commerce fulfillment and logistic solutions for online sellers.
They currently power thousands of online stores across Malaysia, China, Singapore and Australia, who enjoy greater speed and lower costs with their innovative cross-border supply chain and logistics solution.
The Challenge
With the growing business of operating across borders, came a new challenge that Allsome knew they had to tackle. Foreign exchange could be a tricky and expensive ordeal and with bank fees being too high, they turned to finding a more reliable payment solution that they could trust – one that would make the whole process seamless.
Unfortunately, the first attempt did not meet their expectations.
“It still took us up to two long hours for enough paperwork preparations like uploading invoices and details,” the finance manager for Allsome sighed.
With an average of eight international payments each time around, something had to change if they wanted to save precious time and money. Determined not to take no for an answer, Allsome was determined to find an easier solution – one that would make their lives easier!
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The Solution
After tapping into networks within their industry as well shifting through online research – an answer quickly presented itself in Instarem’s technology-driven solution which allows them to carry out payouts expeditiously while drastically cutting down on administrative work.
The financial manager at Allsome expressed satisfaction: “I can now complete transactions in an unprecedentedly streamlined manner – 1-2 hours saved per transaction. In addition, customer service proved invaluable in helping streamline this progress further.”
Allsome – was also able to achieve savings on operational expenses by 20%. The financial manager has managed this delicate balance between expectations and profits with Instarem’s business platform.
The Results
- 20% cost savings per month
- Near instant transactions to Malaysia
- Save more than 16 hours on administrative paperwork.
- Get peace of mind with customer support for extra optimization on cross border transactions.
Looking to streamline your business while keeping your costs low? Sign up for your free Instarem account today.
Instarem stands at the forefront of international money transfer services, facilitating fast and secure transactions for both individuals and businesses. Our platform offers competitive exchange rates for popular currency pairs like USD to INR, SGD to INR, and AUD to INR. If you're looking to send money to India or transfer funds to any of 60+ global destinations, Instarem makes it easy for you. We are dedicated to simplifying cross-border payments, providing cutting-edge technology that support individuals and businesses alike in overcoming traditional fiscal barriers normally associated with banks. As a trusted and regulated brand under the umbrella of the Fintech Unicorn Nium Pte. Ltd., and its international subsidiaries, Instarem is your go-to for reliable global financial exchanges. Learn more about Instarem.
