How logistics company ‘Allsome’ cut international payment costs by 20% with Instarem

Customer stories
17 Mar 2023
2 mins read
Written by

The Company 

AllSome is an innovative parcel tracking system that provides e-commerce fulfillment and logistic solutions for online sellers.  

 

They currently power thousands of online stores across Malaysia, China, Singapore and Australia, who enjoy greater speed and lower costs with their innovative cross-border supply chain and logistics solution. 

The Challenge 

With the growing business of operating across borders, came a new challenge that Allsome knew they had to tackle. Foreign exchange could be a tricky and expensive ordeal and with bank fees being too high, they turned to finding a more reliable payment solution that they could trust – one that would make the whole process seamless.  

 

Unfortunately, the first attempt did not meet their expectations. 

 

“It still took us up to two long hours for enough paperwork preparations like uploading invoices and details,” the finance manager for Allsome sighed. 

 

With an average of eight international payments each time around, something had to change if they wanted to save precious time and money. Determined not to take no for an answer, Allsome was determined to find an easier solution – one that would make their lives easier! 

 

You might be interested in: Upgraded Instarem business experience – now LIVE

The Solution 

After tapping into networks within their industry as well shifting through online research – an answer quickly presented itself in Instarem’s technology-driven solution which allows them to carry out payouts expeditiously while drastically cutting down on administrative work. 

 

The financial manager at Allsome expressed satisfaction: “I can now complete transactions in an unprecedentedly streamlined manner – 1-2 hours saved per transaction. In addition, customer service proved invaluable in helping streamline this progress further.” 

 

Allsome  – was also able to achieve savings on operational expenses by 20%. The financial manager has managed this delicate balance between expectations and profits with Instarem’s business platform. 

The Results 

  • 20% cost savings per month 
  • Near instant transactions to Malaysia 
  • Save more than 16 hours on administrative paperwork. 
  • Get peace of mind with customer support for extra optimization on cross border transactions. 

 

Looking to streamline your business while keeping your costs low? Sign up for your free Instarem account today. 

About Instarem

Instarem powers global business payments that move as fast as you do. With our business account, you can make payments to 160+ countries easily and affordably. Whether it’s salary payouts, supplier invoices, or intra-company transfers, our solutions are built to simplify your workflow. We also offer tailored payment tools for industries like logistics, tech, travel, and more. Get clear spend insights with the SME Spend Barometer. As part of Nium, a global fintech unicorn, we’re trusted and regulated in 11 jurisdictions, moving USD $6 billion annually—and ready to help you scale. Contact us to find the right fit for your business.

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