Established in 2008, Tranglo processes cross-border payments for leading banks and mobile operators, handling over US$1 billion transactions per month and benefitting 1.5 billion people across more than 100 countries. With the goal of becoming a market leader in cross-border financial services, Tranglo sought a technology platform that would help improve operational efficiency, support business growth and enable innovation.
“NetSuite enabled us to be more efficient and create new financial services that will elevate customer satisfaction.” Wei Min Teo, Chief Financial Officer, Tranglo
Using NetSuite OneWorld for its accounting needs, Tranglo can easily manage three currencies simultaneously for reporting, transaction and wallet activity. The solution was also easily integrated with Tranglo’s in-house applications, reducing transaction clearing time from two days to less than two minutes.
Being able to scale with Oracle NetSuite’s cloud ERP has allowed Tranglo to manage an increased monthly transaction value—from US$20 million to US$100 million since deployment—while only minimally increasing its finance headcount.
Tranglo uses the visibility gained from its integrated processes to develop innovative financial services that provide greater value to its partners and customers. This supports its 10-year expansion roadmap, with the goal of becoming a market leader in cross-border financial services.