In an extremely competitive global industry like manufacturing and marketing garments, fashion companies face the challenge of efficiently managing international operations. In this case study, we highlight how Fashion Forward, a B2B fashion brand based in the United States with maquila operations in Mexico, optimized its international transfers and logistical operations with the help of Jabiru Payments, thus becoming a success story.
Company context
Fashion Forward is a company founded by sisters Roberta and Mariana González in 2021, who combined their taste for avant-garde fashion trends to sell wholesale to retail stores, and their operations are carried out mainly in the United States. However, their production takes place in a maquila in Mexico, where most of their employees reside. This structure presented unique challenges in terms of managing cross-border payments, as they were paying commissions on each transfer and the exchange rate meant a significant percentage of loss when paying salaries each month.
The financial challenge
The company needed a financial solution that facilitated:
- Regular and efficient transfers of funds to Mexico to cover operational expenses and salaries.
- Minimizing transaction costs and improving the management of currency exchange.
- Ensuring speed and security in all financial transactions.
Our solution
Jabiru Payments customized a service package that included:
- An agile and reliable international payment system.
- Strategies for effective exchange risk management.
- Ongoing support in compliance and international financial regulations.
Implementation and results
- Simplified processes: The integration of Jabiru Payments allowed Fashion Forward to automate and simplify transfers to Mexico.
- Cost reduction: A significant decrease in transaction costs was achieved, resulting in substantial savings for the company as a success case.
- Security and trust: Improved security in transactions increased trust between Fashion Forward and its maquila in Mexico.
- Continuous expansion: With a stronger and more efficient financial base, the company continues to expand its presence in both the United States and Mexico.
Case analysis
- Efficiency in the supply chain: Efficient and timely transfers improved the relationship with the maquila, ensuring uninterrupted production.
- Risk management: With the tools provided by Jabiru Payments, Fashion Forward was able to better navigate the volatile foreign exchange market.
- Growth and sustainability: Financial efficiency allowed the company to reinvest savings in key areas such as design, marketing, and market expansion.
The collaboration between Fashion Forward and Jabiru Payments illustrates the importance of efficient international financial management in the fashion sector as a success case study. With tailored solutions from Jabiru Payments, Fashion Forward not only optimized its cross-border financial operations but also strengthened its position in the market.