Advanced Dynamics is a global manufacturing company specialising in high-performance packaging machinery and equipment. With a diverse international customer base, the company often deals with foreign currency exchange for its international transactions. In an effort to streamline their foreign exchange pocesses and reduce costs, Advanced Dynamics decided to explore the use of ABLFX, a specialised facility for managing foreign exchange. This case study investigates the impact of ABLFX on Advanced Dynamics’ foreign exchange operations.
One of the primary goals for Advanced Dynamics in adopting ABLFX was to find a cost-effective solution for their foreign exchange needs. Before ABLFX, Advanced Dynamics used a mainstream provider for foreign exchange which meant a less competitive pricing point. By using ABLFX, Advanced Dynamics was able to significantly reduce its foreign exchange costs, resulting in substantial savings. In addition to the cost savings, Advanced Dynamics stated the following as reasons why they chose ABLFX:
Competitive Exchange Rates: ABLFX consistently offers competitive exchange rates to customers, which translates into immediate cost savings.
Transparent Fees: The fee structure is straightforward and transparent, ensuring that Advanced Dynamics can accurately predict and manage the foreign exchange costs.
Customised Solutions: ABLFX works closely with Advanced Dynamics to tailor solutions that aligned with their specific foreign exchange needs. This level of customisation allows the company to optimise their forex operations.
Risk Management: ABLFX provided access to a suite of risk management tools, helping Advanced Dynamics to mitigate currency risk and protect their profit margins in the face of market volatility.
With the personalised approach and ongoing cost savings provided, Advanced Dynamics state that ABLFX has become the preferred provider of foreign exchange solutions by better serving their needs and financial objectives. The ABLFX facility has allowed the transition between the two providers to be met with ease and sufficiency.
One of the most appreciated aspects of ABLFX was its user-friendly interface and operational efficiency. Advanced Dynamics found that the facility was easy to use, and has streamlined the system seamlessly. This ease of use saved the company both time and money. Employees could quickly adapt to the system, and the straightforward nature of the platform eliminated unnecessary administrative burdens. Advanced Dynamics would highly recommend ABLFX to other businesses dealing with foreign exchange. Their positive experience with ABLFX, including the cost savings, user-friendly interface, and personalized solutions, has made them confident in endorsing the facility to other companies. They believe that ABLFX can offer significant benefits and competitive advantages in the realm of foreign exchange management.
Advanced Dynamics’ experience with ABLFX demonstrates the substantial benefits that a specialised foreign exchange facility can provide to businesses dealing with international transactions. By embracing ABLFX, Advanced Dynamics achieved cost savings, enhanced operational efficiency, and better risk management, ultimately improving their bottom line.
Advanced Dynamics’ Executive Chairman Malcolm Little referred to his colleague who ‘lives in the system’ to provide a quote stating ‘The ABLFX facility has been a great addition to our systems, it is easy to use and streamlined our entire process’.
