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Case Study

ZYGO

The right functionality to manage US Dollar ($) invoices effectively

Five stars

"HedgeFlows gave us the autonomy and the visibility into the moving market to understand our exposure and risk. We wanted to take more control and be able to manage US Dollar ($) invoices better, and the HedgeFlows platform has helped us do this easily".

Charlotte, OPERATIONS MANAGER
The company

Freight Forwarding and Logistics Services

Zygo has provided Freight Forwarding and Logistics Services since the nineties. They've got expertise in a number of areas including logistics, statutory compliance, risk management and finance and payment.

Brexit and Covid have had an impact on how much they pay for their containers in recent years. The team at Zygo is relying on their expertise and technology to navigate these changes and manage their foreign payment processes in a more cost-effective way.

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The problem

NAVIGATING HIGH PRICES AFTER COVID

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After Covid, container prices increased exponentially. With these price rises, Zygo's exposure also increased. The team felt they needed a solution to get a handle of the situation when buying their US Dollars ($).

The solution

THE RIGHT VISIBILITY TO MANAGE RISK

"We were looking for a platform that would allow us to manage US Dollars ($) better to give us a good picture of the market and minimise our exposure and risk. Previously, we would work with companies and get quotes for specific figures we needed to make a payment for. We didn't have a platform like HedgeFlows that gave us the autonomy and the visibility into the moving market and our exposure. We wanted to take more control and be able to manage it better and that's what HedgeFlows does for us".

For Charlotte at Zygo, using a platform that integrates with their accounting system (Sage) has completely changed how they manage foreign invoices:

"Rather than having to manually put our invoices in a spreadsheet to see what we've got, having the automatic connection into Sage when we do our transfers through HedgeFlows is handy and saves us so much time".

According to Charlotte, the HedgeFlows offering goes beyond the platform and its functionality:

"For us, the personal touch is very important. Whenever we need something your team is there to help, and that's what makes HedgeFlows different".

 

The impact

Automating dollar $ invoices to save TIME

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MANAGING RISK & EXPOSURE

"With HedgeFlows you can easily see the risk and exposure based on the US Dollars ($) invoices you've got outstanding. This means you don't have to look into it or work it out yourself; the platform automatically gives you this information".

 TO SAVE TIME & FOCUS ON clients

“HedgeFlows frees up time for us. When you've got the US Dollars ($) looking after themselves, it eliminates the effort of having to upload the invoices manually. HedgeFlows gives us extra time to get ahead and speak to new clients, and even take on new work!".

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