HJS Packaging & Distribution Relies on Airwallex to Simplify Moving Money Across its Global Supply Chain
HJS relies on Airwallex for its expertise in global payments and foreign exchange to help the company simplify, reduce the cost, and improve the efficiency of its global distribution and fulfillment services.
Eliminated unnecessary relationships
with a multitude of banks
Stronger Vendor Relationship
HJS helps companies improve efficiency and increase profits through innovative solutions in inventory management, global distribution, and order fulfillment services.
Inventory management and global distribution
10 - 50 employees
HJS is a supply chain management and distribution company in Milwaukee, Wisconsin. The company has eight warehouses in the U.S. and several internationally including one in The Netherlands and Hong Kong. It’s banking relationships are complex, requiring the company to pay and receive funds in U.S. dollars (USD), Canadian dollars (CAD), and Euros (EUR). Before switching to Airwallex the company had accounts with the Bank of Montreal, Rabobank (a Dutch multinational), and Johnson Bank in Racine, Wisconsin.
HJS handles the vendor relationships for large corporations with dealerships. The company fulfills orders routed from dealers to the parent firm and ensures timely deliver by using its global network of warehouses.
Vice President, HJS Packaging and Distribution
Airwallex will save us $150,000 to $180,000 annually in hidden FX markups compared to traditional banking service providers.
A focus on continuous process improvement leads to Airwallex
Dean Beck joined HJS as the CFO. His first order of business was learning the company’s ERP system, with the goal of improving internal processes and boosting efficiency. That focus on continuous improvement led him to Airwallex. “We were looking to simplify payment processing and foreign currency exchanges as we grew our international business,” he explains. HJS first started doing business in Canada about four years ago, moving into Europe and Asia two years later. “We were following our main customer as it expanded globally,” continues Dean, “and we needed to develop foreign currency expertise to meet their needs. Those needs included foreign currency transactions within the HJS system and foreign currency translation, as well as moving money internationally between Euros, CAD, and USD.
Airwallex simplifies and reduces the cost of moving money
“We had to find banks in Canada, the U.S. and Europe,” notes Dean, “and people with foreign currency expertise.” HJS spent a lot of time searching for and partnering with third-party resources, which meant a growing portfolio of relationships that needed to be managed. Airwallex allowed the company to eliminate some of those relationships, simplifying operations. “With Airwallex,” he says, “we have one website where we can do everything it took three people to do before.”
The Airwallex solution
Unlike the complexity of working with multiple banks, with one phone call to Airwallex, HJS had Canadian and European bank accounts set up and ready to go. The Airwallex solution includes:
Predictable pricing — CAD and EUR markups at a flat 0.40%
Global Accounts — Local CAD, EUR, and USD bank accounts for receiving payments from customers while avoiding EUR negative interest rate penalties for holding a balance
Wallet — the ability to take advantage of favorable CAD/USD, CAD/EUR, or USD/EURO exchange rates and hold balances for future payouts
Cards — instantly create virtual and physical Visa-issued company and employee cards tied to Apple Pay/Google Pay to avoid 3% markups on exchange rates with credit cards
Vice President, HJS Packaging and Distribution
Airwallex is an expert in foreign banking. They are banking and foreign currency simplified.
See how our customers are finding Airwallex
"Airwallex have been a fantastic partner for Olsam Group as we grow our eCommerce brands to new channels and new markets. Their easy to use interface and integrations have been a joy for our finance team to use as we scale."
"For ME + EM, expanding into international markets such as the US has been our focus - and with Airwallex, we were able to use their local USD Global Account to collect from our Paypal US account, thereby allowing us to save 3% on each transaction. The process of working with Airwallex has been seamless - our suppliers get paid quickly, we have a dedicated Relationship Manager who has been really patient, helpful and quick to respond. I am keen to use their cards to pay for our ad spend in the near future to save further on our USD invoices."
Finance Manager, ME + EM
"We've had such a fantastic experience switching to Airwallex. Previously we were using a traditional bank to make all of our international transactions and they'd constantly lock us out of the account everytime we made a transfer, resulting in hours and hours of lost time on hold. Airwallex is secure, makes it super quick and simple to make and receive international payments."
Managing Director, Perspective Pictures
“We used to pay Stripe between $5,000 and $10,000 a month in conversion fees because most of our customers pay in dollars. Now we funnel that money into our Airwallex US dollar account, we don’t have to pay commission. We’ve saved more than $100,000 so far this year”
Founder and CEO, Brandbassador
"We love Airwallex! It has considerably eased our invoicing and payments to contractors around the world. Sending and receiving money is much faster and cheaper than before."
Co-Founder, Mobile Transaction
“We are so glad that we have found Airwallex! There are no hidden charges, they are quick to respond to any queries and we had the smoothest transaction with amazing support from the team continually.”
Supply Chain Executive, Miss Patisserie
"Our water solutions company, Dropterra (go.dropterra.com) has partnered with Airwallex since inception and it has been the best banking and payment partner a company can think of. International transactions are easy, secure, and fast, the technology is incredible and their client service fantastic! We look forward to growing and deepening our relationship with Airwallex!"