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Currency Simplified.
Leverages platform for comprehensive cashflow management
Mitigates currency risks across a multitude of cross-border transactions
Enables provision of accessible, banking-for-all services
The Israel Postal Company Ltd. is a fully-owned government agency, which provides universal postal services to the general public, alongside banking services under the Postal Bank, which operates as a subsidiary.
The company strives to meet and exceed international standards in providing a high level of mail-related services, anywhere and everywhere throughout the country, and to make advanced financial services available to all residents of the country through the auspices of the Postal Bank.
“ABCM enables us to achieve our goals of making international banking services accessible to everyone, while giving us a competitive edge in managing a complex and dynamic international currency environment.”
As part of their ongoing objective to deliver quality services in the ever-evolving field of combined postal and cross-border banking, the Israel Postal Service faces considerable business challenges. Okoora’s Automated Business Currency Management platform helps to simplify complexity. “We do business in a large number of countries, and as such, perform transactions with a multitude of currencies on a daily basis.”, says Roie Golan, Treasurer. “Okoora’s ABCM provides us with a platform for comprehensive cash flow management in currency segmentation, and automatic statistical analyses. It gives us a complete picture of the currency market environment, which helps us to manage and mitigate currency risks in a professional and effective manner”, says Golan.
In addition, the analytical and statistical tools in the ABCM system enable the examination of the effects of changes in exchange rates online and offer recommendations for improvement and adjustment. “ABCM enables us to achieve our goals of making international banking services accessible to everyone, while giving us a competitive edge in managing a complex and dynamic international currency environment,” Golan concludes.
Customers praise ABCM
“Staying connected to the pulse of the currency markets with ABCM™ enables me to perform transactions according to real-time exchange rate opportunities that best suit me in achieving our business objectives.”
Arik Otmazgin
CEO & Owner
Chavat Hakfuim
“The platform provides a complete picture of the market environment, the currency activity in each and every country, and automated analyses that help Automax in choosing the most correct procurement procedure.”
“ABCM™ is the only platform that addresses the entire currency lifecycle. Highly recommended for any business that manages more than one currency.”
Roye Shayovitch
COO
Wireless Links
“I can open a foreign bank account overseas – at any time of day or night – without ever having to leave my office.”
“Okoora has transformed dealing with currencies into a simple and positive experience.” to manage and mitigate currency risks in a professional and effective manner.”
Shlomo Kalvo
Owner
Tiger International
“ABCM gives us a complete picture of the currency market environment, which helps us to manage and mitigate currency risks in a professional and effective manner.”
“When I consider the number of multi-currency payments we issue on an ongoing basis, there is simply no competition. ABCM stands out as a better alternative to banks and their hefty service charges.”
“Okoora’s ABCM handles all of our multi-currency payments as well as travel cash disbursement for employees. It saves us significant time and effort.”
Gili Loker
CFO
Israel Standards Institute
“Okoora’s hedging tools are based on well-developed methodologies. They assist us in formulating our financing and payment transaction strategies and save us a lot of money.”
Inon Sherez
CEO
Argentools Group
“ABCM changes the way we buy currency and track our global transactions. It’s simple, obvious, and convenient. Their security protocols give me the confidence that the money is safe.”
Vitorio Roie Arbib
Owner & CEO
VI Metals
“ABCM™ provides me with a single address for managing our entire currency workflow. It’s making my life much easier.”
Asaf Bar-Hadas
Owner & CEO
Bar Hadas Agricultural Solutions
