UK and Boston-based consultancy GBM advises a wide range of clients on both sides of the Atlantic on entering and growing in new markets overseas, and assist with the setup of new trading entities in the US and UK.
Following an introduction by the CFO of one of their US-based clients, GBM now recommends Evolve Currency Management to many clients as a solution to new to market payment challenges.
“We are paid to help businesses save time and money when entering a new market, and there are numerous time-consuming barriers to starting to do business overseas. After setting up an entity and winning contracts, establishing processes to make and receive cross-border payments effectively has always been one of the challenges our customers face.
“We heard via a US-based CFO contact that Evolve had a great technology platform that allows for transaction management with less administration and in person activity required. This is ideal for the owners of the growing, agile businesses we work with who are often moving around the world.
“After meeting Evolve online, and talking to some clients were were already using them as a currency partner, we now make introductions to Evolve where our clients are looking to save margin on regular payments, or want a simplified, less cumbersome process than their local UK or US bank offers.
“Some of our clients are first-time exporters, and providing a facility to receive USD payments from customers without a US entity is also very helpful for one-off or early-stage cross-border transactions.
“We have had nothing but positive feedback from numerous clients who have switched to using Evolve as a currency partner, and we have also recently moved to use their service for our own cross-border transfers.”
Paul Snape, founder, GBM
