How Innovaccer resolved EDPMS challenges and gained a trusted partner in Xflow
Seamless compliance, faster settlements, and a team that truly Delivers - Innovaccer’s Xflow Story
INR 2L+
Savings on transaction fees
10/10
Rated customer support
100%
Support in compliance
Use case
Innovaccer uses Xflow for monthly transfer pricing (TP) transactions from US to India across its entities. The finance team manages these cross-border payments with full visibility into rates and execution timelines. Xflow also supports them in handling EDPMS compliance, ensuring smooth regulatory coordination and reducing the operational burden typically associated with large, multi-million-dollar settlements.
Problem summary
Before switching to Xflow, Innovaccer managed cross-border payments through traditional banks.The process required Innovaccer’s team to spend significant time coordinating with the bank, especially around compliance and EDPMS. The process was slow and involved multiple complexities, especially around compliance and EDPMS. Visibility into rates was limited, and support depended on the bank’s availability. Once they started using Xflow, they realized payments could be handled more smoothly with more transparent rates, faster responses, and a team actively supporting their compliance and operational needs.
Why Xflow
Innovaccer chose Xflow for a more reliable and transparent cross-border payments experience. Traditional banks offered limited support for compliance requirements like EDPMS. Whereas, Xflow offered proactive assistance, better visibility into rates, and a team that actively supported their operational and compliance needs, making transactions smoother and more efficient.
Results
With Xflow, Innovaccer was able to manage cross-border payments far more efficiently, even when dealing with complex EDPMS requirements that traditional banks struggled with. The finance team gained better visibility into rates and transaction status at every step, making planning and execution smoother. Xflow’s support went beyond simply processing payments , we actively assisted with compliance, resolving EDPMS issues that would normally have required significant internal effort. This hands-on approach reduced the finance team’s workload, ensured RBI compliance, and prevented delays. At the same time, each transaction saved both time and money, making the entire process predictable, reliable, and significantly less stressful.
Impact on Innovaccer’s business
Compliance support
Proactive assistance with EDPMS, ensuring RBI compliance without added workload
Transparent rates
Clear visibility into FX rates and transaction status at every step
Time and cost savings
Reduced operational effort and savings on every transaction
Faster execution
Transactions processed quickly for faster fund availability
“Xflow has been a game-changer. We saved lakhs in FX while moving US funds quickly and compliantly. EDPMS was effortless, every step RBI-compliant. Finally, a stress-free partner we can trust.”
Kaukab Parvez Khan, Senior Treasury Manager at Innovaccer
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