finance teams who value speed, flexibility, fair pricing and transparency use bound

“Since working with Bound. We have total visibility, total transparency. We spend a lot less time having to worry about foreign currencies.”

OneFootball

Kovir Miah | Accounting Lead

“Since working with Bound. We have total visibility, total transparency. We spend a lot less time having to worry about foreign currencies.”

Kovir Miah

Accounting | OneFootball

“With Bound, you just do it online on your own, like in 5 minutes. That’s a huge win for treasurers like me. It’s just so much easier.”

Paddle

Chris Adams | Treasury Manager

“With Bound, you just do it online on your own, like in 5 minutes. That’s a huge win for treasurers like me. It’s just so much easier.”

Chris Adams

Treasury Manager | Paddle

“Bound allows us to put in place extraordinarily easy strategies that help us hedge our exposure so I can focus on our business rather than focus on what the Euro is doing.”

ManyChat

Dan McKelvey | Head of Finance

“Extraordinarily easy strategies that help us hedge our exposure so I can focus on our business rather than on what the Euro is doing.”

Dan McKelvey

Finance Head | ManyChat

"There's tons of FX providers that ping us. We don't go with them."

"It's the best rate I could find on the market."

"We never buy at the same rate at banks or anywhere."

  • "Investors just want me to remove the risk. The feature that I like most is the one that gives me flexibility"

    Janos Matyasfalvi

    CFO

    Goals

    • Protect against large fluctuations of the USD-HUF exchange rate, given their Opex in HUF and Revenue/Funding in USD

    • Remove the downside risk

    Solution

    • Made foreign cash flows predictable by locking in the exchange rate for future conversions

    Results

    • Achieved a rate for the next 9 months that was 3% better than the current Spot rate

  • “Last week we went in and changed our conversions and hedges in two minutes. It’s just so easy”

    Peter Coleman

    Finance Manager

    Goals

    • Stabalise foreign cash flows, with Opex in EUR and Revenue/Funding in USD

    • Protect against the US Dollar weakening versus the Euro

    • Fully automated end-to-end process

    Solution

    • Automated strategy to smooth out peaks and valleys of the exchange rate by breaking up conversions into many smaller ones

    Results

    • 6 month volatility reduced by 83.5% (7.34% down to 1.21%)

    • Month to month volatility -> Largest 1% , Smallest 0.13%

  • “Pre-Bound, FX was a manual operation, I would try to time the market, it was pot-luck ”

    Andy Au

    Finance Director

    Goals

    • Stabilise foreign operating costs

    • Reduce exposure to financial risks

    • Remove the guesswork of managing currency

    Solution

    • Automated strategy to reduce exposure to exchange rate swings

    • 'Cruise control' setting to replicate and automate recurring transactions

    Results

    • Monthly Opex changes stabilised to < 0.65%

    • Exposure to volatility reduced by over 95%

    • Estimated savings > £100k

  • “Since working with Bound. We have total visibility, total transparency. We spend a lot less time having to worry about foreign currencies”

    Kovir Miah

    Mgmt Accounting Lead

    Goals

    • One place to manage foreign cash flows

    • Transparent pricing

    • Multi-office access

    Solution

    • Centralised platform

    • Group visibility on Positions and Costs

    • Automated optmisation process

    Results

    • Over $200,000 saved on transfer costs/fees alone

    • No need for multiple brokers and banks

    • Improved operational efficiencies

    • Improved reporting functionality

  • “With Bound, you just do it online on your own, like in 5 minutes. That’s a huge win for treasurers like me. It’s just so much easier”

    Chris Adlam

    Treasury Manager

    Goals

    • Buy EUR for VAT payments at a fair rate

    • Prevent a rising EUR to drive up costs and cut into gross profit

    • Have a simple, but effective tool that is quick and ease to use

    Solution

    • EUR purchases that spread over 3-6 months to match revenue receipts and eliminate local rate volatility

    Results

    • Achieved objective to prevent gross margin hit

    • Quick and easy to update and forecast numbers

  • “FX fluctuations have an outsized impact on our finances. I couldn't tell you where FX is headed, but I also can't ignore it either and just hope for the best as we plan out our year"

    Dan McKelvey

    Head of Finance Ops

    Goals

    • Make sure a rising EUR doesn’t drive up the operational costs for their Spanish office

    Solution

    • Automated strategy to smooth out peaks and valleys of the exchange rate by breaking up conversions into many smaller ones

    Results

    • Protected and stabilised funding for 60-person foreign office

    • We love Bound

  • "Investors just want me to remove the risk. The feature that I like most is the one that gives me flexibility."

    Janos Matyasfalvi

    CFO

    Goals

    • Protect against large fluctuations of the USD-HUF exchange rate, given Opex in HUF and Revenue/Funding in USD.

    • Remove the downside risk.

    Solution

    • Forwarding to lock in the exchange rate.

    Results

    • Achieved Forward rate for the next 9 months that was 3% better than the current Spot rate.

  • “Last week we went in and changed all of our hedges in two minutes. It’s just so easy.”

    Peter Coleman

    Finance Manager

    Goals

    • Stabalise cash flows, with Opex in EUR and Revenue/Funding in USD.

    • Protect against the US Dollar weakening versus the Euro.

    • Fully automated end-to-end hedging process.

    Solution

    • Averaging Program, to smooth out the peaks and valleys of the exchange rate.

    • Cruise control, to replicate and automate recurring transactions.

    Results

    • 6 month volatility reduced by 83.5% (7.34% down to 1.21%)

    • Month to month volatility with Averaging -> Largest 1% , Smallest 0.13%

  • “Pre-Bound, FX was a manual operation, I would try to time the market, it was pot-luck ”

    Andy Au

    Finance Director

    Goals

    • Stabilise foreign operating costs.

    • Reduce exposure to financial risks.

    • Remove the guesswork of managing currency.

    Solution

    • Averaging Program, to smooth out the peaks and valleys of the exchange rate.

    • Cruise control, to replicate and automate recurring transactions.

    Results

    • Monthly Opex changes stabilised to > 0.65%

    • Exposure to volatility reduced by >95%

    • Estimated savings > £100k

  • “Since working with Bound. We have total visibility, total transparency. We spend a lot less time having to worry about foreign currencies.”

    Kovir Miah

    Mgmt Accounting Lead

    Goals

    • One place to manage foreign cash flows.

    • Transparent Pricing.

    • Multi-office access.

    • Group hedging policy.

    Solution

    • Centralized platform.

    • Group visibility on Positions and Costs.

    • Automated Hedging process.

    Results

    • Over $200,000 saved on transfer costs/fees alone.

    • No need for multiple providers.

    • Improved operational efficiencies.

    • Improved reporting functionality.

  • “With Bound, you just do it online on your own, like in 5 minutes. That’s a huge win for treasurers like me. It’s just so much easier.”

    Chris Adlam

    Treasury Manager

    Goals

    • Buy EUR for VAT payments at a fair rate.

    • Prevent a rising EUR to drive up costs and cut into gross profit.

    • Have a simple, but effective tool that is quick and ease to use.

    Solution

    • Use Averaging for EUR purchases that spread over 3-6 months to roughly match revenue receipts and eliminate local rate volatility.

    Results

    • Quick and easy to update and forecast numbers.

  • “FX fluctuations have an outsized impact on our finances. I couldn't tell you where FX is headed, but I also can't ignore it either and just hope for the best as we plan out our year. "

    Dan McKelvey

    Head of Finance Ops

    Goals

    • Make sure a rising EUR doesn’t drive up the operational costs for their Spanish office.

    Solution

    • Averaging EUR purchases to fund a 60-person foreign office.

    • Smooth out the peaks and valleys of the exchange rate.

    Results

    • We love Bound.