George baker Shipping, a UK-based logistics company uses Bound to:

• Hedge large euro transactions efficiently, protecting their business from FX risks.

• Manage FX without needing complex processes or in-house expertise.

• Free up valuable time, as they only spend 5 minutes a month on the platform.

• Bonus benefit: They’ve started reporting FX profits!

Who is George Baker shipping?

George Baker is a UK-based logistics company with over 40 years of experience and seven global offices, specialising in freight forwarding and customs clearance services. With a diverse international client base, they have established a solid reputation for providing tailored logistics solutions to businesses worldwide –essentially, if something needs to be moved, George Baker’s got it covered.

• Website: https://georgebakershipping.com/

• Number of employees: 120+

• Industry: Logistics

• Team using Bound: Finance

Hedging wasn't urgent Until...

Initially, FX wasn’t a big deal for George Baker. They didn’t have extensive experience with managing foreign exchange, and frankly, had bigger fish to fry. But as their euro business began to grow rapidly, so did their exposure to currency fluctuations. Suddenly, their bottom line was feeling the negative effects, and they realised it was time to get serious about managing FX.

Where to start?

They needed a solution that could handle their growing FX exposure without adding any unnecessary complexity or taking up too much time. In other words, they wanted something that was user-friendly, efficient, cost-effective, and wouldn’t require them to become FX experts overnight. It had to be smart and simple –a tool that would take care of business without becoming a new business in itself.

Enter Bound

Then along came Bound, and it checked all the boxes. Bound allowed George Baker to hedge effectively, especially when dealing with large euro transactions. The simplicity of the platform made managing FX needs a breeze –no unnecessary complexity, just straight-up solutions that worked.

Bound didn’t just improve FX performance –it gave George Baker more control. They could hedge successfully and even report FX profits, which was a nice bonus! And if that wasn’t enough, Bound also helped them save precious time.

Time spent on FX per month

5 minutes - yes, you read that right, just 5 minutes