How Klenty saved over 50% in transfer pricing payments
Lower FX costs, clear timelines, and full visibility across monthly cross-border transfers.
50%
Reduction in FX costs
100%
Compliance coverage
Zero
Hidden charges
Use case
Klenty runs regular transfer pricing transactions from its US entity to its Indian entity to support operational and infrastructure costs. With growing volumes and multiple banking relationships in place, the finance team needed a setup that could scale reliably while ensuring regulatory compliance. As FX costs became more visible with higher volumes, the team began reassessing whether traditional banking routes were the most efficient option for recurring inward remittances.
Problem summary
For years, Klenty relied on banks for transfer pricing transactions, which meant accepting FX markups with limited transparency. Rates varied across banking partners, and understanding the true cost of each transaction required manual checks and follow-ups. Compliance processes like FIRC issuance were handled through banks, adding operational dependency and delays. As volumes increased, these inefficiencies made it harder for the finance team to plan cash flow confidently or optimize FX timing.
Why Xflow
Klenty chose Xflow to bring more structure and predictability to its transfer pricing flows. The team was looking for clearer FX pricing, reduced costs, and built-in compliance support without changing their existing invoicing or collections setup. Xflow provided visibility into rates against benchmarks, automated inward remittance compliance, and tools to optimize FX timing. The ability to support higher transaction volumes while remaining compliant made Xflow a practical fit for Klenty’s growing cross-border operations.
Results
After switching to Xflow, Klenty reduced its FX costs by nearly half compared to its previous banking setup. Transfer pricing transactions became easier to track, with better visibility into rates and expected INR outcomes before funds were moved. The finance team now runs TP transactions with greater confidence, fewer manual touchpoints, and better control over costs.
Impact on Klenty's business
Lower FX costs
50% reduction in FX markups across recurring TP transactions
Stronger compliance
Automated handling of inward remittance documentation and RBI-aligned reporting
Operational clarity
Clear visibility into FX rates, benchmarks, and transaction flows
Scalable setup
Supports growing monthly volumes without added complexity
“Xflow is a product that sells itself. The problem is clear, the pricing is transparent, and the timelines are predictable. It saves founders time and removes a lot of uncertainty from cross-border payments.”
Praveen Kumar, Co-founder at Klenty
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