"We can have a transfer done before the first pot of coffee is made in the morning."
Spencer Bond
President
Corbeau USA
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Corbeau USA | Unicon International
Corbeau USA
Leading importer of custom-designed car seats finds support in technology.
Corbeau USA is a leading importer of car
seats for street and off-road racing vehicles.
The Salt Lake City company has relationships
with manufacturers worldwide, and imports
thousands of custom designed seats from
South America and Europe each year.
As the company expanded its operation,
Spencer Bond, Corbeau's president, wanted to
ensure his company was supported by services
that allowed him to concentrate on developing
the business. For more than ten years, Spencer
was frustrated when he dealt with his local
bank to pay suppliers overseas. "Quite
honestly, making foreign exchange payments
used to be a nightmare. Although we dealt with
a major bank, the staff at the local branch were
confused about how to do foreign drafts. Each
time someone from Corbeau had to drive to
the bank and then wait in line, to explain to
them how to do a simple transaction - this
wasted 90 minutes and was extremely
frustrating. Sometimes, even after a draft was
sent, there were delays and problems cashing
it."
With the tremendous advances in today's technology, Spencer knew there had
to be much easier methods to make international payments. During a search
on the Internet, Spencer was impressed by information on NewMarkets International.
NewMarkets delivers "wholesale" FX rates to clients and charges a low
fixed fee per transaction'as compared to banks and other FX providers
who typically offer less attractive rates. "I was impressed by the information
on the web site," said Spencer, "but what really convinced me to try it
was the money-back guarantee. It says a lot about an organization's belief
in its service to make an offer like that. And the bottom line was that
I had nothing to lose. Once I got the software and began using it I was
very impressed," Spencer continued. "I know enough about software to understand
that the package is well written and intuitive. I could teach anybody
to use it in two minutes."
"Since switching to Sonnet FX, transferring funds is a breeze rather than a headache," said Spencer. "In fact, we can have a transfer done before the first pot of coffee is made in the morning, and I am confident that we are getting better rates than before. In today's business environment time is money, especially in a small business." Spencer Bond still shakes his head at the reminder of his frustrations with the bank and the time he wasted. "We recouped the software investment in less than a month and since using Sonnet FX, we've never had a single call from a vendor trying to track a payment, and that means fewer aggravations for me," said Spencer.
NewMarkets International is dedicated to helping companies like Corbeau USA strengthen
their position in international markets.
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