How an online clothing retailer streamlined its operations with Verto

Discover how a top South African retailer, streamlined cross-border payments, reduced FX costs, and improved operations with Verto’s innovative financial solutions.

What the retailer achieved

• Local IBANs: The ability to hold funds in ZAR and pay suppliers in China using local IBANs, eliminating the need for intermediary banking channels.

• Market-beating FX rates: Access to real-time, competitive exchange rates across 49 currencies, enabling significant cost savings.

• Streamlined payments: Consolidated payments into one centralised platform, reducing administrative complexity and manual errors.

• Automated workflows: Payment workflows were automated, allowing faster processing and increased efficiency.

• Regulatory compliance: Verto managed and navigated complex regulatory exchange control and reporting requirements, enabling the retailer to focus on its core business.

• Faster Settlements: Payments to suppliers were completed within 24–48 hours, reducing currency risk exposure and improving supplier trust.