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Driving Efficiency

Driving Efficiency Through Automation & Benchmarking

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CLIENT BACKGROUND

A multinational company managing vendor transactions across various regions globally, was experiencing inconsistencies in foreign payments, particularly with exchange rate fluctuations and lack of process transparency.

PROBLEM STATEMENT

Unpredictable variations in USD equivalents during EUR settlements
Discrepancies between expected and actual payout amounts
Limited visibility into exchange rate logic applied by their financial institution/bank
Inefficiencies caused by manual tracking and validations across payment cycles

APPROACH BY GLOBAL WAVE DYNAMICS

Global Wave Dynamics partnered with the client to implement a process-focused automation and validation solution, backed by industry benchmarking and regional finance expertise.
The initiative was tailored to ensure greater accuracy, control, and accountability in foreign vendor payments.

Without disrupting existing systems, we helped refine the process by:-

Integrating smarter data checkpoints
Establishing comparative frameworks for cost analysis
Automating decision triggers to reduce manual dependencies

RESULT

Identified 1.3%–1.6% cost variance due to unoptimized currency conversions
Enabled substantial savings on high-value cross-border payments
Significantly improved transparency and decision-making speed
Reallocation of finance team bandwidth to more strategic tasks
Achieved full visibility into rate benchmarking within 60 days

CONCLUSION

By streamlining payment workflows and embedding industry and region centric finance domain intelligence, Global Wave Dynamics helped the client achieve measurable cost savings while building a foundation for long-term efficiency and control in foreign payment processing.

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