"Until we were approached by MCAP FX, we thought we had our financial operations running smoothly, and efficiently. Smoothly, yes. Efficiently? Let's say I have a fuller undertanding of what an accountant and treasurer bring to the table. The team there looked into areas of our operations I had never considered, and tought this accountant a few new tricks. As a manufacturer, a good portion of our liquidity is tied up in our inventories, so our working capital strategy necessitates never paying our suppliers early. They found that our interest cost for borrowing against our LOC was significantly less than the discounts we were foregoing by not paying early. Such a small thing, and we had overlooked it for many years, but the savings from this alone were astonishing. There were two added benefits to paying early: we would be using our LOC more effectively compared with the fees we were already paying, and secondly, learning the discounts were nearly always larger than the combined sum of negative exchange rate movements and interest costs, according to their historical rate analysis, went a long way to reducing my stress on worrying about the impact of the exchange rate on our DM costs."