How CMS INDUSLAW cut FX costs by 50% and doubled settlement speed using Xflow
From unpredictable SWIFT delays and hidden bank charges to 2x faster settlements and full FX transparency.
50%
Reduction in FX costs
100%
Visibility on FX rates and deductions
2x
Faster settlement timelines
Use case
CMS INDUSLAW processes monthly international payments from global clients for legal and advisory services delivered from India. As the firm’s international client base grew, it became increasingly important to offer clients a convenient way to pay locally, without adding friction or complexity to the payment process. At the same time, the finance team needed settlement timelines they could rely on and greater clarity on how much would be received after FX conversion and bank charges.
Problem summary
Traditional banking channels came with high and often unclear charges, making it difficult to understand the true cost of each transaction. Some international payments routed via SWIFT took longer than expected, creating uncertainty around settlement timelines. Limited visibility into FX rates and deductions also meant the team had little control over when funds would arrive or how much would ultimately be credited.
Why Xflow
Xflow provided CMS INDUSLAW with a simpler and more predictable way to manage international payments. The platform made it easier to offer clients local payment options while giving the finance team clear visibility into FX rates and settlements upfront. With transparent pricing and reliable settlement timelines, the team no longer had to navigate unclear bank charges or follow up on delayed transfers. As one of Xflow’s earliest customers, CMS INDUSLAW also valued the consistency and reliability of the platform over time, particularly for compliance and inward remittance processes.
Results
With Xflow, CMS INDUSLAW gained greater control over international collections. Bank charges became clearer and more manageable, settlement timelines improved, and FX outcomes were predictable. Payments that earlier faced delays or uncertainty were now easier to track, helping the finance team plan better and reduce operational follow-ups. The ability to offer local payment options also improved the overall experience for international clients, without adding complexity on the firm’s side.
Impact on CMS INDUSLAW's business
Predictable settlements
Clear timelines and FX visibility for every international payment
Lower payment friction
Reduced dependence on SWIFT-based transfers and unclear bank charges
Improved client experience
Enabled local payment options for global clients for a seamless experience
Lower operational effort
Simplified tracking, reporting, and inward remittance handling
"Xflow gave us predictability on rates, settlements, and timelines. That clarity makes a big difference when you’re handling recurring international payments.”
Dharmesh Thakkar, Head of Finance at CMS INDUSLAW
Ready to simplify your international payments?
Thousdands of companies have already reduced payment costs and grown their international business with Xflow. Join them today!
