Braciola Gmbh
Overview
BRACIOLA has more than 20 years of experience specialising in the distribution of luxury and technology products.
It has a global supply chain with multiple international customers with daily credits into their account.
The Challenge
- BRACIOLA encountered barriers in managing payments from clients, due to limitations with their previous payment service provider, who did not offer named accounts.
- This constraint created complications in transaction processing and eroded client confidence.
- In some cases, prospective clients refused to engage with BRACIOLA. Citing the lack of a dedicated, secure account under the company’s name as a key concern.
- This challenge impacted BRACIOLA’s ability to both retain existing clients and secure new business.
Solution
- To address these issues, Millbank FX provided BRACIOLA with a named multicurrency account.
- This single, centralised account could accept payments in all major currencies. Significantly simplifying the transaction process and enhancing transparency for BRACIOLA's clients.
- This strategic solution negated the need for multiple accounts while establishing a trustworthy and seamless payment infrastructure.
The Results
- The implementation of the named multicurrency account enabled BRACIOLA to streamline its payment processes.
- Reduced transaction delays, costs and time spent operating multiple accounts.
- Created stronger relationships with existing clients and attracted new business from previously hesitant prospects.
- Ultimately, it expanded BRACIOLA’s prospective client network and increased revenue opportunities.
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