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.
 
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.

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.
 
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.

Background

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

They were united by a mission to improve patient care - by communicating the true value of pharmaceutical products to key decision-makers.

Stratenym markets niche drugs that treat rare cases. How? By using its strategically assembled global network of experts, which includes experienced medical and pharmacoeconomic writers, editors and strategists.

By ensuring you have access to some of the best minds in the business, Stratenym creates an ecosystem of dynamic interactions between your team and the experts, setting you up perfectly to achieve your goals.

Background

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

They were united by a mission to improve patient care - by communicating the true value of pharmaceutical products to key decision-makers.

Stratenym markets niche drugs that treat rare cases. How? By using its strategically assembled global network of experts, which includes experienced medical and pharmacoeconomic writers, editors and strategists.

By ensuring you have access to some of the best minds in the business, Stratenym creates an ecosystem of dynamic interactions between your team and the experts, setting you up perfectly to achieve your 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
Image

$10, 000 Saved



Stratenym is saving $800 per month on bank fees when using Remitr for business payments.

That’s almost $10,000 a year in savings!
Image

150+ Countries



Stratenym deals with affiliates and partners in Europe and the US, and with Remitr they can send payments to 150+ countries worldwide.
Image

3 Currencies



Having a Remitr Global Business Account allows Stratenym to get paid in 3 foreign currencies (USD, EUR and GBP) like a local business. This means there’s no bank-forced conversion to CAD when getting paid.

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.

Vision, Mission, Values


Vision

To champion small business success by making financial services agile, convenient, and accessible.

Mission

To provide equitable access for business payments and create a competitive advantage for our customers. Continue building solutions that instil trust and accelerate growth by increasing speed, reducing friction, and lowering costs.

Values

  1. Believe anyone can drive change
  2. Focus on clarity of purpose 
  3. Value honesty & integrity
  4. Challenge the status quo     
  5. Learn and Lead with compassion
  6. Champion collective success

Our Founders


Kanchan: Kanchan is a seasoned changemaker in the world of software technology. Remitr is his third entrepreneurial venture, with his previous startups focusing on enterprise solutions across Accounting and HR. Kanchan has featured in various global publications, and is considered an influencer in the fintech and startup ecosystem.

Sandeep: Sandeep has deep experience in software development, with a focus on financial products. Prior to Remitr, he built one of India’s first community portals (+1 Million active users), founded and scaled an HR and payroll SaaS platform, and helped build the first multi-currency accounting software to be acquired in South East Asia.

Our Origin Story


The company Vedika Software (now FACT Software Group) is where Kanchan and Sandeep first met in 1990! As small business owners themselves, Sandeep and Kanchan were painfully familiar with the difficulty of making business payments using traditional banking methods. They knew they could build a better solution, so they did!

Our Journey So far


Remitr was launched in 2016 on the principle of facilitating business growth and global commerce. We remain passionate about championing small business owners and making it easier for them to focus on the important work of growing their business. Are we accomplishing this with a payments solution? Absolutely.

Our motto for business payments is "Effortless, On-Time, Wherever You Do Business". The expansive Remitr Global Network makes it easy to pay your freelancers, suppliers, and employees wherever they may be – including right here in Canada. No more dealing with expensive wire transfers or inconvenient bank visits. 

Our platform now integrates with popular accounting software (like Quickbooks and Xero) for 1-click payments. We also provide API capabilities that mesh seamlessly with existing solutions for both businesses and financial institutions.

Customers love us for our simplicity, transparency and service culture (and our ultra-low Fx rates!).