DOMESTIC WIRE FEE SAVINGS
TransferMate
$1 per transaction for 1000 transactions over 12 months = $12000 domestic wire fees per year.
Competitor
$15 per transaction for 1000 transactions over 12 months = $180000 domestic wire fees per year.
Savings
$180000 - $12000 = $168000 savings per year.
INTERNATIONAL WIRE FEE SAVINGS
TransferMate
$0 per transaction for 1000 transactions over 12 months = $0 international wire fees per year.
Competitor
$45 per transaction for 1000 transactions over 12 months = $540000 international wire fees per year.
Savings
$540000 - $0 = $540000 savings per year.
SAVINGS ON FX
WITH AN AVERAGE INVOICE VALUE OF $10000 FOR 50% (OR 1000 INVOICES)...
TransferMate
0.04% margin = $48000 cost on FX per year.
Competitor
1.50% margin = $1800000 cost on FX per year.
Savings
$1800000 - $48000 = $1752000 savings per year.
SAVINGS ON TIME
An average processing time of 7 minutes per invoice over 2000 invoices = A saving of 350 admin days per year.
On average 2% of invoices have an error. Corrections take 5 minutes per invoice, over 2000 invoices = A saving of 5 admin days per year.
