The right functionality to manage US Dollar invoices effectively

Zygo has provided Freight Forwarding and Logistics Services since the nineties. They've got expertise in a number of areas including logistics, statutory compliance, risk management and finance and payment.

Brexit and Covid have had an impact on how much they pay for their containers in recent years. The team at Zygo is relying on their expertise and technology to navigate these changes and manage their foreign payment processes in a more cost-effective way.

After Covid, container prices increased exponentially. With these price rises, Zygo's exposure also increased. The team felt they needed a solution to get a handle of the situation when buying their US Dollars.

Previously, they would work with companies and get quotes for specific figures they needed to make a payment for. They didn't have a platform that gave them the autonomy and the visibility into the moving market and their exposure.

HedgeFlows gave Zygo the autonomy and visibility into the moving market to understand their exposure and risk. The platform allowed them to take more control and manage US Dollar invoices better.

For Charlotte at Zygo, using a platform that integrates with their accounting system (Sage) has completely changed how they manage foreign invoices. Rather than having to manually put invoices in a spreadsheet, the automatic connection into Sage saves the team significant time.

Managing risk and exposure — With HedgeFlows you can easily see the risk and exposure based on outstanding US Dollar invoices. The platform automatically provides this information, eliminating the need to work it out manually.

Saving time and focusing on clients — HedgeFlows frees up time for Zygo. When the US Dollars are looking after themselves, it eliminates the effort of having to upload invoices manually. HedgeFlows gives them extra time to get ahead, speak to new clients, and even take on new work.

According to Charlotte, the HedgeFlows offering goes beyond the platform and its functionality: the personal touch is very important. Whenever they need something, the team is there to help — and that's what makes HedgeFlows different.