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"I documented over $50,000 in savings on FX rates in just six months." Spencer Bond, President Corbeau USA "They provide a very efficient way to move money, and the pricing we get is consistently good." Tom Ferazzi, Director of Cash Management Continental Airlines
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Leveraging the Power of the Internet for International Payments The Internet has transformed many aspects of business today, from the immediacy and global reach provided by email to the host of new revenue opportunities' and competitive threats' created by ecommerce. It's no longer a question of "if" a company will integrate the web into its operations and business model, it's a matter of "how" and "how fast." Routine processes, including making or receiving international payments, are ideal candidates for online automation. For some companies, the savings in time and reduction in errors achieved by using automated foreign exchange services have been dramatic. THE REAL WIN for companies is in leveraging the power of the Internet to create, in effect, a buyer's club for the foreign exchange market. By aggregating their international payments with those of hundreds of other firms worldwide, a company can reap the benefits of automation and preferential rates on their currency exchanges. In this way, companies achieve both hard dollar and soft dollar savings—for some, this adds up to tens or hundreds of thousands of dollars in a year's time. NewMarkets International (originally known as Sonnet Financial) is the only FX provider that offers online aggregation services for international payments, guaranteeing wholesale rates on every transaction, regardless of size. NewMarkets relieves a company of having to shop around for rates, saving time, hassle, and money in what is still, for many firms, a manual activity. By streamlining how international payments are handled, and breaking the mold on how prices are set, NewMarkets International helps companies improve their bottom line and frees them to focus on high value tasks that can boost their business. Companies of every size, from IBM and Continental Airlines to specialty importers and manufacturers, rely on NewMarkets to handle their international payments. Renowned for its outstanding service and support, Forbes Magazine called the company "The Charles Schwab of Foreign Exchange" and, in 1999, the company was chosen by CIO Magazine as one of the top 50 business web sites. Back to top
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