Company Overview

Acura Embedded Systems Inc. is a leading, ISO-certified Canadian designer and manufacturer of rugged industrial computers and solutions. Serving industries such as oil and gas, mining, first responders, military, and sorting/packaging across North America, Acura required a reliable, cost-effective way to handle cross-border payments to support their operational excellence and global reach.

Financial Roadblocks: High Costs & Inefficiencies

Acura Embedded Systems faced several inefficiencies in their financial operations:

• Traditional bank wire transfers were costly and time-consuming, especially when making international payments.
• Domestic payments via RBC PayEdge incurred recurring platform fees, adding to operational expenses.
• Receiving payments in USD and converting them to CAD, followed by additional conversion when paying U.S. vendors, led to excessive costs.
• The lack of a U.S.-based bank account made it difficult to take advantage of cheaper, local ACH transfers.

These inefficiencies added complexity to Acura's financial operations, delaying payments and straining cash flow.

Chiizu’s Payment & FX Solution

To address these challenges, Acura turned to Chiizu’s advanced payment infrastructure. By adopting Chiizu's seamless payment solutions, Acura was able to:

• Streamline Domestic Payments: Simplified Canadian vendor and employee payments, reducing transaction fees and processing times.
• Enhance International Payments: Accepted and sent wire transfers more efficiently, eliminating unnecessary banking fees.
• Utilize Multi-Currency Wallets: Held USD in domiciled accounts, avoiding the costs of double currency conversion and enabling direct payments to U.S. vendors.