Voly Treasury Desk
Treasury Management Service
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Exchange, Euro to Dollar, GBP to Dollar, Dollar to Euro and more. Choose from 26 currencies available on the Voly Platform. Voly’s Treasury Department’s Currency Desk can help support and facilitate the exchange process
Analysis of a typical Voly client or an UHNWI
This diagram shows the amount of money that can be lost by not considering
foreign exchange fees when managing multiple global assets.
TOTAL SAVING
The UHNWI has $12,877,000, €33,200,000 and $252,000 worth of exposure annually.
With live exchange rates, Voly estimates that the client would have been able to save a total of $417,603 if he/she had been using Voly’s Financial Management Platform to manage their global assets.
TIME SAVING
The family office of the UHNWI could save huge amounts of time for the client’s personnel admin by using Voly. Processing all these assets would have resulted in 4,903 invoices, when auto reconciled within Voly at a saving of five minutes per invoice. Meaning that a total of 24,515 minutes, or 51 working days, could have been saved by using Voly’s Financial Management Platform. This time saving demonstrates the impact that Voly can also have on streamlining the financial process of a UHNWI family office and operations.
Henry Featherstone
Head of Treasury Sales
“Given the nature of the yachting industry, we are seeing how important the management of foreign exchange is to our clients. Currency within yachting is one of the areas we can add more value to the Voly product.
As Head of Voly’s Treasury Department, we provide a bespoke client solution, to support and understand each situation. Managing can be challenging, we focus on simplifying any issues during this process.
All too often we see a lack of service and time offered to our clients from their normal banking relationships. By being proactive with the data provided, I believe we are able to take a proactive approach to helping Voly clients with FX management.
We aim to help save our clients money, and in the long run, they will also save time. The Voly platform is proving very useful to management companies, captains and Family Offices. Our Treasury Management services will be another successful addition for Voly clients.”
Amy Haywood
Account Manager at Elite Yacht Group
Embracing the Voly FX service has revolutionized our approach to foreign transactions, resulting in substantial monthly savings on unnecessary FX fees for our vessels. The exceptional efficiency of the Voly team, coupled with the straightforwardness of the process, positions the FX service as a true game-changer that not only preserves valuable time but also delivers significant cost reductions.