Background

Apex Group is a global financial services provider. With over 40 offices worldwide and 3,000+ employees, Apex delivers an extensive range of services to asset managers, allocators and financial institutions. The group has continually improved and evolved its capabilities to offer a singe- source solution through establishing the broadest range of products in the industry, including fund services, bank account opening, depository, custody and super ManCo solutions.

Challenge

Apex Group experienced significant problems on a monthly basis paying their global workforce.

Dealing with multiple payment providers across the world created significant administrative burden for the payroll department to track and trace delays and inaccurate amounts reaching their staff.

Solution

Through TransferMate’s global reach and network of local bank accounts across all countries, Apex Group was able to consolidate its multiple payment providers into one solution.

Eliminating the costly burden of maintaining multiple relationships in each country whilst also ensuring their staff were paid on time and with the exact expected amounts.