client background

An established food import and wholesale business of 15+ years.

client challenge

The business purchases stock from overseas suppliers with invoices requiring conversion of AUD $38m across multiple currencies. The business was growing and due to recent market conditions began to explore other avenues to their existing bank facility that has been in place for the past eight years.

moneytech's solution

Moneytech provided the client with a Foreign Exchange Facility. Giving the business access to a range of solutions which were more focused on risk management strategies and service. The client now has access to market leading pricing in multiple currencies. The client also now benefits from access to SPOT, Forward Contracts and Option structures to better manage currency fluctuations. As a result, the business has been able to achieve considerable cost savings on their FX trades and now have the specialised support required to focus on core activities, minimize uncertainty about future cash flows and elevate growth.