About OceanLED
In 2004, OceanLED revolutionized underwater lighting by pioneering the use of LED technology for underwater applications. Today they continue to innovate with a range of intuitive, reliable and powerful underwater light solutions.
OceanLED have customers globally and need to collect payments in multiple currencies requiring a transfer back to Pound Sterling to fund operational costs. The hidden cost of these transactions was impacting margin. OceanLED CFO Jay Bhundia was able to utilise the Stable benchmarking tool to assess his current cost. Seeing the margin his current provider was making on each transaction directly from the OceanLED bottom line allowed Jay to assess if this was commercial for the value he received from his provider and ultimately decide to switch to using Stable for his international transfers.
