Summit Media is a NMA ranked top 10 UK digital media agency with a turn-over in excess of £16 million per annum. Summit employs over a 100 people with offices in the UK and Czech Republic. They specialise in eCommerce solutions for clients such as Microsoft, Play.com and Argos.
Each month
Summit Media has a £100,000 commitment to pay for its' operation in Prague. Acting on a recommendation, Summit Media contacted Interchangefx in June 2008 with the view of saving money on their business foreign exchange payments.
After filling in a
no obligation business account , Mike Robinson-Leason the Management Accountant at Summit Media was contacted by Mark McCarthy, their dedicated Interchange Currency Broker, to discuss their requirements. After the initial analysis of the payments Summit were making, Interchangefx were able to set-up a number of forward payment contracts
saving Summit Media £5000 a month!
“Before we used Interchanges’ services we were paying spot rates through our bank and losing money when exchanging Sterling (GBP) to Czech Koruna (CZK) with poor exchange rates and commission charges.
Our account manager at Interchange set-up eight forward contracts with set payment dates to be paid into our bank account in Prague on the date we chose.
The whole process was quick and easy and with one simple phone call we are on target to save over £60K a year. I would recommend Interchangefx to any company who has Foreign exchange commitments abroad"
Mike Robison-Leason
Management Accountant
Summit Media.
5th August 2008
For more information on the various options that are open to you, or a quotation, call one of our account team on 0800 197 7040.
FOREIGN CURRENCY EXCHANGE SERVICES
