Case Study Three – Cantab Software Limited

I first met Kevin Reid socially as we are fellow members of the Cornwall Astronomy Society.

Kevin is the sole Director of Cantab Software Limited, a UK company he set up in 1996. He is also the Director – Information Technology for a US company, Intervent Health and gets paid in USD.

Over the years, Kevin has used banks and various brokerages to repatriate his funds back to the UK with varying degrees of cost and ease of use.

Cosmos was able to simplify matters and save the client both time and money as we hold USD client safeguarding accounts both in the UK and in the USA so that when Cantab bill Intervent Health, Intervent can simply pay Cantab in USD via online banking transferring using the local US ACH payment system to a clients collection account Cosmos has opened for in New York and/or any USD funds Cantab has in its USD accounts based both in the USA and UK can be sent by local online banking transfer. This not only speeds up the bank transfers but saves the client on any additional banking costs.

Like with all clients, Cosmos will monitor the currency markets for Cantab to alert Kevin to opportunities as they arise. From start to finish, in 99% of cases, Kevin receives the converted GBP funds into his GBP account on the same day the payments start off in USD in the USD account of Intervent Health.