Volopa client story
"Volopa has truly been a game-changer for us. The platform's efficiency has saved us countless hours on digital admin tasks, streamlined our operations and improved our overall efficiency!"
- Henry Newman, DTS Trading INC.
About DTS Trading
DTS Trading Inc. is a leading disposables distribution company operating within the UK and Europe.
For more than 12 years, DTS Trading has been focused on supporting its partners across diverse sectors, guiding them towards enduring and sustainable growth. Their expertise lie in procuring the most challenging-to-find products, and enriching their partners' product portfolios. Starting as a procurement consultancy in 2011, DTS Trading now offer an end-to end procurement service, managing the product verification process and stock delivery while searching for the best price for their clients.
What does DTS Trading specialise in?
DTS is a procurement company. We specialise in smart supply supply solutions for businesses across various industries such as construction, food production, office and coporate, and healthcare for instance.
We have a unique and diverse approach to procurement, allowing us to consolidate and grow commercial relationships in a broad range of product categories and sectors including prominent entities within the UK such as NHS Trusts, rail organisations, and with leaders in the automotive and aviation industries.
This reach extends down to local businesses involved in processing the food that graces supermarket shelves.
DTS’s clever system has three simple parts:
- Product supply for efficient redistribution
- Sector-specific product solutions tailored to industry demands
- Customised B2B product supply to meet individualised needs
These steps are all about making sure everything runs smoothly, with the customers’ needs always front and center.
How did you manage your team spending before Volopa?
We managed our team’s spending by using the company bank account and corporate credit card. We handled both everyday expenses and bigger purchases this way, however, this method sometimes lacked the control and oversight we needed. This led to delays in order processing and a lack of real-time control.
What problem were you looking to fix when you came to Volopa?
Before we discovered Volopa, we were aiming to solve a couple of challenges in our process. We wanted to save time by making our digital administrative tasks more efficient. Additionally, we were seeking to optimise the timing of our order processing.
We started with Volopa in October 2022. Since then, we found a way to address these issues. The platform’s features allowed us to manage funds more effectively, set spending limits, and track expenses as they happened. This not only helped us save time on administrative tasks but also improved the overall timing and efficiency of our order processing.
''For over 11 years, we have supported our partners across various sectors, helping them achieve long-term, sustainable growth. We specialise in sourcing products that are the hardest to source and most important to our partners' product portfolio. We take the pressures of verifying product certification, stock delivery and management, and the search for optimum price off their shoulders, to allow them to focus on what they do best, with the peace of mind that everything else is taken care of.’'
Henry Newman, CEO
How quickly is DTS trading growing?
Over the past three years, DTS Trading has been experiencing a growth rate of around 20% per annum. This steady increase demonstrates the company’s consistent progress and expansion over this period.
How have you found Volopa’s services?
Our experience with Volopa’s services has been very positive. We’ve observed that our team members are spending less time on administrative tasks since the app efficiently assists in completing these tasks.
Volopa’s advanced platform allows us to assign and watch over funds more accurately and in real time. We can set specific spending limits, allocate money for particular purposes, and track expenses as they happened.
Which features do you find most useful?
Among the features offered by Volopa’s platform, we find card payments, payment tracking, and the ability to attach invoices particularly useful. These functionalities streamline our processes and enhance our overall efficiency.
Switching to Volopa didn’t just make our financial management better, it also made our team work more efficiently and responsibly. Now, we can make smarter decisions, reduce risks, and manage our spending strategy with a lot more confidence.
How does the Volopa solution help you be even better at what you do?
This solution plays a vital role in a service we provide to our clients. We handle the task of sourcing and procuring items on their behalf. Volopa’s cards are particularly useful for “smaller” spending that doesn’t need approval from the finance department. This approach saves us time and allows us to fulfill orders for our clients more promptly.
Securing the best exchange rates
Generally speaking, both banks and payments providers charge a margin, typically via a commission or a percentage-spread, for converting currencies from the funding currency (what you send them) to the payment currency (what the recipient receives). Banks are traditionally risk averse to currency movements due to the size of the portfolio of client assets they hold in multiple currencies. Any shock movement within the currency market can amount to significant losses, and in a bid to mitigate this risk, banks tend to apply higher margins.
International payments providers generally take a different approach, utilising live rates which they transact with immediately. Using this methodology, they don’t need to hold on to funds, the risk is less, and margins can therefore be much lower amounting to better exchange rates for their clients.
Payment Speed
Just as a bank cheque takes time to deposit into an account, so does sending money from one country to another. International FX payments can often take days to reach your recipient if sent via your bank. This is because banks often use manual currency conversion processes and tend to send funds via costly legacy banking networks. If you wish to transfer funds quickly, banks may not be your best option.
Specialist payments providers have established “points-of-difference” in the international payments market through innovative solutions to enable same-day international payments using more robust platforms and security systems. Specialist payment providers tend to route international payments via newer alternative payment rails that are quick, low-cost and easy to track, meaning recipients receive their payments in full and on time, while payment initiators can stay up to date with their payment statuses.
Conclusion
Whilst a bank may provide familiarity, specialised payments providers can offer better FX and payments expertise, superior technology and more cost-effective exchange rates. Through the tailoring of solutions and streamlining compliance requirements, services provided are largely more client-centric and focused. This often amounts to lower fees and charges as well as a superior customer experience for their clients.
Volopa client story
"Volopa has truly been a game-changer for us. The platform's efficiency has saved us countless hours on digital admin tasks, streamlined our operations and improved our overall efficiency!"
- Henry Newman, DTS Trading INC.
About DTS Trading
DTS Trading Inc. is a leading disposables distribution company operating within the UK and Europe.
For more than 12 years, DTS Trading has been focused on supporting its partners across diverse sectors, guiding them towards enduring and sustainable growth. Their expertise lie in procuring the most challenging-to-find products, and enriching their partners' product portfolios. Starting as a procurement consultancy in 2011, DTS Trading now offer an end-to end procurement service, managing the product verification process and stock delivery while searching for the best price for their clients.
What does DTS Trading specialise in?
DTS is a procurement company. We specialise in smart supply supply solutions for businesses across various industries such as construction, food production, office and coporate, and healthcare for instance.
We have a unique and diverse approach to procurement, allowing us to consolidate and grow commercial relationships in a broad range of product categories and sectors including prominent entities within the UK such as NHS Trusts, rail organisations, and with leaders in the automotive and aviation industries.
This reach extends down to local businesses involved in processing the food that graces supermarket shelves.
DTS’s clever system has three simple parts:
- Product supply for efficient redistribution
- Sector-specific product solutions tailored to industry demands
- Customised B2B product supply to meet individualised needs
These steps are all about making sure everything runs smoothly, with the customers’ needs always front and center.
How did you manage your team spending before Volopa?
We managed our team’s spending by using the company bank account and corporate credit card. We handled both everyday expenses and bigger purchases this way, however, this method sometimes lacked the control and oversight we needed. This led to delays in order processing and a lack of real-time control.
What problem were you looking to fix when you came to Volopa?
Before we discovered Volopa, we were aiming to solve a couple of challenges in our process. We wanted to save time by making our digital administrative tasks more efficient. Additionally, we were seeking to optimise the timing of our order processing.
We started with Volopa in October 2022. Since then, we found a way to address these issues. The platform’s features allowed us to manage funds more effectively, set spending limits, and track expenses as they happened. This not only helped us save time on administrative tasks but also improved the overall timing and efficiency of our order processing.
''For over 11 years, we have supported our partners across various sectors, helping them achieve long-term, sustainable growth. We specialise in sourcing products that are the hardest to source and most important to our partners' product portfolio. We take the pressures of verifying product certification, stock delivery and management, and the search for optimum price off their shoulders, to allow them to focus on what they do best, with the peace of mind that everything else is taken care of.’'
Henry Newman, CEO
How quickly is DTS trading growing?
Over the past three years, DTS Trading has been experiencing a growth rate of around 20% per annum. This steady increase demonstrates the company’s consistent progress and expansion over this period.
How have you found Volopa’s services?
Our experience with Volopa’s services has been very positive. We’ve observed that our team members are spending less time on administrative tasks since the app efficiently assists in completing these tasks.
Volopa’s advanced platform allows us to assign and watch over funds more accurately and in real time. We can set specific spending limits, allocate money for particular purposes, and track expenses as they happened.
Which features do you find most useful?
Among the features offered by Volopa’s platform, we find card payments, payment tracking, and the ability to attach invoices particularly useful. These functionalities streamline our processes and enhance our overall efficiency.
Switching to Volopa didn’t just make our financial management better, it also made our team work more efficiently and responsibly. Now, we can make smarter decisions, reduce risks, and manage our spending strategy with a lot more confidence.
How does the Volopa solution help you be even better at what you do?
This solution plays a vital role in a service we provide to our clients. We handle the task of sourcing and procuring items on their behalf. Volopa’s cards are particularly useful for “smaller” spending that doesn’t need approval from the finance department. This approach saves us time and allows us to fulfill orders for our clients more promptly.
Securing the best exchange rates
Generally speaking, both banks and payments providers charge a margin, typically via a commission or a percentage-spread, for converting currencies from the funding currency (what you send them) to the payment currency (what the recipient receives). Banks are traditionally risk averse to currency movements due to the size of the portfolio of client assets they hold in multiple currencies. Any shock movement within the currency market can amount to significant losses, and in a bid to mitigate this risk, banks tend to apply higher margins.
International payments providers generally take a different approach, utilising live rates which they transact with immediately. Using this methodology, they don’t need to hold on to funds, the risk is less, and margins can therefore be much lower amounting to better exchange rates for their clients.
Payment Speed
Just as a bank cheque takes time to deposit into an account, so does sending money from one country to another. International FX payments can often take days to reach your recipient if sent via your bank. This is because banks often use manual currency conversion processes and tend to send funds via costly legacy banking networks. If you wish to transfer funds quickly, banks may not be your best option.
Specialist payments providers have established “points-of-difference” in the international payments market through innovative solutions to enable same-day international payments using more robust platforms and security systems. Specialist payment providers tend to route international payments via newer alternative payment rails that are quick, low-cost and easy to track, meaning recipients receive their payments in full and on time, while payment initiators can stay up to date with their payment statuses.
Conclusion
Whilst a bank may provide familiarity, specialised payments providers can offer better FX and payments expertise, superior technology and more cost-effective exchange rates. Through the tailoring of solutions and streamlining compliance requirements, services provided are largely more client-centric and focused. This often amounts to lower fees and charges as well as a superior customer experience for their clients.
Securing the best exchange rates
Generally speaking, both banks and payments providers charge a margin, typically via a commission or a percentage-spread, for converting currencies from the funding currency (what you send them) to the payment currency (what the recipient receives). Banks are traditionally risk averse to currency movements due to the size of the portfolio of client assets they hold in multiple currencies. Any shock movement within the currency market can amount to significant losses, and in a bid to mitigate this risk, banks tend to apply higher margins.
International payments providers generally take a different approach, utilising live rates which they transact with immediately. Using this methodology, they don’t need to hold on to funds, the risk is less, and margins can therefore be much lower amounting to better exchange rates for their clients.
Payment Speed
Just as a bank cheque takes time to deposit into an account, so does sending money from one country to another. International FX payments can often take days to reach your recipient if sent via your bank. This is because banks often use manual currency conversion processes and tend to send funds via costly legacy banking networks. If you wish to transfer funds quickly, banks may not be your best option.
Specialist payments providers have established “points-of-difference” in the international payments market through innovative solutions to enable same-day international payments using more robust platforms and security systems. Specialist payment providers tend to route international payments via newer alternative payment rails that are quick, low-cost and easy to track, meaning recipients receive their payments in full and on time, while payment initiators can stay up to date with their payment statuses.
Conclusion
Whilst a bank may provide familiarity, specialised payments providers can offer better FX and payments expertise, superior technology and more cost-effective exchange rates. Through the tailoring of solutions and streamlining compliance requirements, services provided are largely more client-centric and focused. This often amounts to lower fees and charges as well as a superior customer experience for their clients.
Securing the best exchange rates
Generally speaking, both banks and payments providers charge a margin, typically via a commission or a percentage-spread, for converting currencies from the funding currency (what you send them) to the payment currency (what the recipient receives). Banks are traditionally risk averse to currency movements due to the size of the portfolio of client assets they hold in multiple currencies. Any shock movement within the currency market can amount to significant losses, and in a bid to mitigate this risk, banks tend to apply higher margins.
International payments providers generally take a different approach, utilising live rates which they transact with immediately. Using this methodology, they don’t need to hold on to funds, the risk is less, and margins can therefore be much lower amounting to better exchange rates for their clients.
Payment Speed
Just as a bank cheque takes time to deposit into an account, so does sending money from one country to another. International FX payments can often take days to reach your recipient if sent via your bank. This is because banks often use manual currency conversion processes and tend to send funds via costly legacy banking networks. If you wish to transfer funds quickly, banks may not be your best option.
Specialist payments providers have established “points-of-difference” in the international payments market through innovative solutions to enable same-day international payments using more robust platforms and security systems. Specialist payment providers tend to route international payments via newer alternative payment rails that are quick, low-cost and easy to track, meaning recipients receive their payments in full and on time, while payment initiators can stay up to date with their payment statuses.
Conclusion
Whilst a bank may provide familiarity, specialised payments providers can offer better FX and payments expertise, superior technology and more cost-effective exchange rates. Through the tailoring of solutions and streamlining compliance requirements, services provided are largely more client-centric and focused. This often amounts to lower fees and charges as well as a superior customer experience for their clients.
