Success Stories

Success Stories

Foreign Exchange Costs Rationalized

An American manufacturing company with facilities in Europe, China and Mexico does approximately $25 million in Foreign Exchange (FX) transactions per year. These transactions involve both buying and selling a number of different currencies. FX transactions are attached to several treasury functions, including foreign supplier payments, subsidiary funding, foreign product sales, receipt of payments, repatriation of funds, and investing. Treasury operations are carried out in both the USA and Europe. The company makes both spot and forward contract purchases/sales.
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Tax Reclaim Refunds Over $400,000

A very large U.S. based casualty and life insurance company set up meetings for staff in a European country. Several thousand staff were involved over a two year period. A current member of the Lincoln Expense Solutions team reviewed the program with the insurance company to see what tax monies were recoverable.
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