How SaasAnt saved up to 40% on FX rates with Xflow
After facing hidden bank charges and slow settlements, SaasAnt switched to Xflow for better FX rates, instant conversions, and faster payouts.
40%
Improvement in FX realisation
Zero
Hidden FX charges
10/10
Dashboard experience
Use case
SaasAnt manages frequent international transactions, converting USD revenues into INR on a regular basis. With over a hundred conversions every month, timing, FX rates, and settlement speed play a critical role in day-to-day cash flow. The finance team needed the flexibility to convert funds at live rates, ensure faster credits into Indian accounts, and simplify invoice creation and documentation without relying on banks for every step of the process.
Problem summary
Before Xflow, SaasAnt relied on traditional banks for currency conversion and settlements. While the setup worked operationally, it came with several limitations. FX rates included hidden markups that often differed by a wide margin from market rates. Settlements took up to a full working day, especially when funds moved from platforms like Mercury to Indian bank accounts. The team also had to manually calculate conversion amounts and recreate invoices, leading to repetitive work and room for error. As transaction volumes increased, these inefficiencies began to impact both cash flow visibility and overall operational ease.
Why Xflow
Xflow offered SaasAnt a simpler and more transparent way to handle conversions and settlements. Live FX rates allowed the team to convert funds at the right time, often at rates better than what banks offered. Automated invoice creation removed the need for manual recalculations, while faster settlements ensured funds were credited within the same working day. The onboarding process was smooth, with hands-on support from the Xflow team to set up accounts across multiple entities. Compliance was also streamlined since the FIRA documentation generated through Xflow was accepted for GST refunds and by STPI, eliminating the need for alternate paperwork.
Results
With Xflow, SaasAnt now completes conversions and settlements significantly faster, with funds reflecting in their Xflow virtual accounts within 30–40 minutes on working days. Improved FX rates have helped the company realize 40% more value on conversions compared to its previous setup. The finance team benefits from live rate visibility, automated invoicing, and compliance-ready documentation, all without ongoing support dependency. What was once a bank-heavy, manual process is now predictable, efficient, and easy to manage at scale.
Impact on SaasAnt's business
Faster access to funds
Payments are reflected in 30–40 minutes on working days
Zero compliance friction
FIRA accepted, no alternate documentation required
Complete cost transparency
No hidden charges or unexpected FX markups.
Lower operational effort
Auto-generated invoices and real-time conversion updates
“Xflow gave us better FX rates, faster settlements, and a much smoother experience compared to banks.”
Sridhar M, Finance Lead at SaasAnt
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