“Before Tulyp, making payments to our suppliers in China was a slow and cumbersome process. It often took more than 3 days for funds to clear, which created tension and impacted our production schedule. With Tulyp, payments are completed within 2 hours! This has not only streamlined our operations but also significantly improved our relationship with our supplier. We're incredibly impressed with Tulyp's speed and efficiency."
Stéphane Cortinovis
Director MT Technologies
MTTECHNOLOGIES.FR
Company overview
MT Technologies is a company specializing in the design and manufacture of plastic injection molds. They cater to a variety of sectors including cosmetics, pharmaceuticals, and the automotive industry. The company offers a complete solution, from design and prototyping to production and maintenance of the molds. With over 30 years of experience in the field, the French based company serves an international clientele.
The challenge: overcoming payment delays and currency risk
MT Technologies, a leading molding manufacturer, operates under tight schedules to secure tenders and meet delivery deadlines. Timely payments are critical to ensure the smooth flow of their supply chain.
However, their suppliers required full payment before unlocking shipments, leading to delays of weeks if payments didn’t arrive on time. Managing these transactions with multiple financial partners only added to the complexity. Additionally, MT Technologies faced significant exposure to EUR/USD currency fluctuations. With suppliers based in China and strict tender budgets calculated around specific margins, poor foreign exchange (FX) management posed a risk of eroding profits.
The solution: Tulyp’s cross-border payment platform
To tackle these challenges, MT Technologies partnered with Tulyp to optimize their international payment processes.
Tulyp’s comprehensive solution provided:
Same-day payments to suppliers in China via local payment routes.
Multi-currency local accounts to simplify transactions, gain payment efficiency, and reduce costs.
Transparent FX rates to protect margins and minimize currency risk.
Tulyp provided MT Technologies with a reliable and efficient solution for fast, secure cross-border payments.
The results: faster supply chain, stronger supplier relationships
Partnering with Tulyp has been transformative for MT Technologies by:
Accelerated Supply Chain: same-day payments enabled MT Technologies to reduce their supply chain timeline by a full week, resulting in faster order fulfillment and improved on-time delivery.
Stronger Supplier Relationships: eliminating payment delays fostered trust and collaboration with suppliers, leading to smoother operations and a more reliable supply chain.
Enhanced Customer Satisfaction: faster delivery times and consistent performance strengthened MT Technologies' reputation and improved customer satisfaction.Increased*
Profitability: ransparent FX rates and efficient payment processes helped MT Technologies protect their margins and improve overall profitability.
Tulyp's solutions helped MT Technologies overcome payment obstacles and gain a competitive edge.
