Reeves Logistics moved away from its bank and quickly improved pricing, visibility and control over foreign exchange.
Reeves Logistics Ltd is a growing freight forwarding business based in Hampshire, handling international shipments and cross-border payments.
As volumes increased, so did the importance of foreign exchange as a cost line within the business.
The business was using its house bank for FX, with limited visibility on pricing and little support around strategy.
As activity increased, FX costs were quietly becoming more material.
Branta reviewed Reeves Logistics’ FX usage and introduced a specialist FX provider better aligned to their needs.
The objective was not to change how the business operates — but to ensure FX works properly in the background.
Within a short period, Reeves Logistics estimates they are already a significant amount better off compared to using their bank.
More importantly:
For a growing SME, these are practical improvements that drop straight through to the bottom line.
“Their pricing is consistently about 2 cents tighter than our bank, and the service has been excellent.”
— Scott Reeves, Managing Director, Reeves Logistics Ltd
If FX is handled by your bank, it is worth checking what it is really costing you.
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