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How SRA Law cut their cross-border FX costs by 70%

How SRA Law cut their cross-border FX costs by 70%

With transparent FX rates, upfront fees, and responsive support, SRA Law replaced banking friction with predictable, stress-free settlements.

70%

FX Savings

70%

100%

Clear, upfront FX pricing

100%

10/10

Rated customer support

10/10
bussiness title
Shreya Rao & Associates is a boutique Indian law firm that specializes in international tax and private client law, with a strong cross-border focus. The firm’s clientele is predominantly (over 70-75%) global and includes reputed funds, start-ups, UHNIs and the global law firms or audit firms who advise them.

Industry

Legal Services

Size

11-50 employees

Region

Global

LinkedIn

@sralawassociates

Use case

SRA Law works with a largely international client base, with most of its revenue coming from overseas engagements. It means the firm receives frequent cross-border payments for legal services, often at a high volume. As the firm grew, reliable settlements, predictable timelines, and clarity on FX rates became critical, not just for finance, but for overall business planning. Xflow is currently being used to manage inward remittances for a growing set of international clients, with a phased rollout underway.

Use case

Problem summary

Before Xflow, SRA Law relied on legacy banks for international remittances. While these banks were familiar names, the experience on the ground was unreliable and opaque.

Remittances were often delayed with no clarity on settlement timelines. In one instance, funds were held for 17 days without explanation, directly impacting cash flow. FX spreads also changed without notice, even doubling mid-cycle, despite prior negotiations. On top of this, some banks charged a fixed ₹1,500–₹2,000 per remittance, even for smaller invoices. Resolving these issues required repeated follow-ups with relationship managers, consuming valuable time and attention from the core team.

Why Xflow

From the start, SRA Law found Xflow to be accessible and responsive, something that was missing in their earlier banking relationships. When an incorrect spread was applied on a non-USD transaction, the issue was acknowledged immediately and resolved within 1–2 days. That responsiveness built confidence and trust.

Equally important was transparency. FX rates were clearly visible, fees were upfront, and settlement timelines were predictable. This allowed the firm to step away from constant monitoring and confidently delegate payment oversight, knowing issues wouldn’t linger unresolved.

Results

SRA Law is still in the early stages of transitioning clients to Xflow, with a portion of their international client base already live on the platform. While it’s too early to quantify direct cost savings, the operational impact has been immediate.

The team no longer spends hours chasing banks for updates or explanations. Payments move predictably, escalations are rare, and clarity around rates and timelines has significantly reduced friction. As a result, SRA Law has been able to reclaim 2–3 working days every month, time that was previously lost to managing banking inefficiencies.

Impact on SRA Law's business

Predictable settlements

No unexplained fund holds or delayed credits

Lets re-define the international payments experience together

Transparent FX pricing

Clear spreads with no mid-cycle surprises

Lets re-define the international payments experience together

Reduced operational burden

Minimal follow-ups with relationship managers

Lets re-define the international payments experience together

More time for core work

2–3 working days saved every month

Lets re-define the international payments experience together

“What we value most is the transparency and responsiveness. With banks, even simple issues could drag on for weeks. With Xflow, problems are acknowledged quickly and resolved just as fast”

Shreya Rao, Partner at SRA Law

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