Case Study

The Remitr Solution for Stratenym

Background

Stratenym was founded by W. Mark Roberts, Sabrina Smith & Alexandra Kapelos-Peters in 2019. All three Co-founders were consultants who had previously worked together.

They were united by their mission to improve patient care by communicating the true value of pharmaceutical products to key decision-makers, with a strong focus on treatments for rare diseases.
about stratenym
 
Stratenym works with drug companies to develop medical communications that show health plans the benefits of reimbursing their products, so patients can access the critical therapies they need. How? Via its strategically assembled global network of expert consultants, which includes experienced medical and health-economic writers, editors and advisors.

Stratenym fosters dynamic interactions between clients and some of the best minds in the industry. This partnership approach results in communications that are high-quality, scientifically accurate, and persuasive, helping clients to achieve their goals.

$10k Saved in AP

Stratenym is saving $800 per month on bank fees when using Remitr for outgoing business payments. That’s nearly $10k a year!

$2k Saved in AR

Stratenym used to spend upwards of $30 in bank and intermediary fees to receive a single wire transfer. Now they save ~$2,000 annually by receiving payments directly into their Remitr GBA accounts.

3% More Earned in Fx

Stratenym typically earns 3% more when they use Remitr to convert foreign funds instead of going through a traditional bank. Stratenym also benefits from advantageous FX rates by deciding when to convert funds.

Why Did Stratenym Turn to Remitr?

Stratenym needs to make frequent outbound payments to its international network of consultants for their expert insight and services. Ease and speed of payments is a key benefit and an important consideration.

The company also often needs to pay suppliers in the USA. And, of course, Stratenym needs to receive inbound payments from its clients – who are also spread across the world.

But they found that going through traditional banks was putting them at a distinct disadvantage. Sending and receiving payments through international wire transfers was slow and costly!
Whatever the bank says goes…there are so many exorbitant hidden fees. We needed a solution that allowed us to send and receive international payments quickly, easily, and with transparency around the costs.
ALEXANDRA KAPELOS-PETERS
Vice President, Operations
Whatever the bank says goes…there are so many exorbitant hidden fees. We needed a solution that allowed us to send and receive international payments quickly, easily, and with transparency around the costs.
ALEXANDRA KAPELOS-PETERS
Vice President, Operations
Stronger Relationships

Stratenym can pay associates and suppliers effortlessly, on time, wherever in the world they may be. Recipients get exactly what they are owed in their local currency - without receiving fees!


Thanks to Remitr, Stratenym’s consultants and suppliers are now more inclined to continue building a solid relationship, knowing that they will never be underpaid, and will always be paid on time.

Less Stress

The Remitr Global Business Account (GBA) allows Stratenym to conduct transactions seamlessly in USD - without the lengthy US corporation set-up process or the fees of a multi-currency account.


Now, when the company gets paid in USD, it’s easy to pay suppliers in the US. Stratenym saves the time of processing two payments and no longer has to estimate currency conversion losses.

More Savings

Stratenym saved over $1600 in just two months by using Remitr; that’s savings to the tune of $10k per year! Sending payments costs them as little as $5 each, while receiving payments into their Remitr GBA is free.


They also save on unnecessary conversion costs, as their GBA allows them to hold funds in multiple currencies until they need to make a payment.

Stronger Relationships

Stratenym can pay associates and suppliers effortlessly, on time, wherever in the world they may be. Recipients get exactly what they are owed in their local currency - without receiving fees!


Thanks to Remitr, Stratenym’s consultants and suppliers are now more inclined to continue building a solid relationship, knowing that they will never be underpaid, and will always be paid on time.

Less Stress

The Remitr Global Business Account (GBA) allows Stratenym to conduct transactions seamlessly in USD - without the lengthy US corporation set-up process or the fees of a multi-currency account.


Now, when the company gets paid in USD, it’s easy to pay suppliers in the US. Stratenym saves the time of processing two payments and no longer has to estimate currency conversion losses.

More Savings

Stratenym saved over $1600 in just two months by using Remitr; that’s savings to the tune of $10k per year! Sending payments costs them as little as $5 each, while receiving payments into their Remitr GBA is free.


They also save on unnecessary conversion costs, as their GBA allows them to hold funds in multiple currencies until they need to make a payment.

previous arrow
next arrow
Slider

Remitr GBA’s
Perfect Timing

“The launch of the Remitr Global Business Account couldn’t have been more timely. The majority of our business payments are from the UK, Switzerland and Germany; however, we’re paid in U.S. dollars.

With Remitr GBA, we’re able to receive payments from abroad, and hold them until we have to pay out in that currency or want to convert at an optimal rate. Knowing that we’ll receive in USD, and can pay out to our U.S. suppliers in that same currency has been a huge stress relief.

We have seen remarkable savings in a very short period of time. In the past two months, we have saved upwards of $1600 by using Remitr over our bank. That’s a huge benefit simply for logging into a different platform than our online banking! Email notifications keep us and our beneficiaries current on the status and timing of each payment, another plus.

We’re no longer held hostage by our bank."

Remitr is the best alternative to checks and wire transfers for your business. Our Global Network allows for 1-2 day business payments wherever you do business. We also offer a free Global Business Account for receiving online sales payouts in $, £ and € – without the bank fees or the delays.

Contact us to learn more about how we can move the needle for your company.

Already a Remitr user? We’d love to feature you in our next case study! Reach out here.