A high-growth digital agency with headquarters in Copenhagen opened offices in Cape Town, Toronto, and Jakarta. Their client list exploded thanks to international referrals and remote-first culture. But managing contractor payments across time zones and currencies became a logistical and financial mess.
🌍 The issues:
- Freelancers experiencing delays up to 10 days
- FX losses totaling €12K per quarter
- Admin staff overwhelmed by manual transfers
- Projects delayed due to demotivated talent
Worse still, some top freelancers left for competitors who paid more predictably. The agency’s growth was at risk.
SimpelFin’s Global IBAN and Currency Conversion Tools Changed the Game
The agency partnered with SimpelFin to issue local IBANs per region and automate FX conversions using target-rate settings. Contractors were paid in their own currency, through local rails, without the overhead.
âś… What changed:
- Payments arrived in 1–2 business days
- Freelancers got paid faster and more consistently
- Admin time spent on payroll dropped by 60%
- Talent retention improved significantly
Today, the agency runs global payroll like it’s local, fast, cheap, and frictionless. That efficiency helped them win two international awards and triple their workforce in just 9 months.
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