Case Study

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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Reduce Costs
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