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Independent Treasury Advisory

Your export margins deserve an independent eye — on your banking costs, your FX performance, and your working capital.

The all-in cost of export finance is typically 150 to 300 basis points above the rate agreed — layered through hidden charges and facility structure gaps.

FX gain or loss in your books of account and the real gain measured against your order pricing tell two different stories.

And when sales grow but cash stays tight, the answer sits in the cash conversion cycle — not in the next bank limit.

We measure all three, independently, against verified benchmarks.
25+ Years Experience
15+ Sectors Served
Independent By Design
Data-Driven Technology-Led

Three areas where measurement changes the picture.

01 · BANKING COST

Benchmarked properly, line by line.

Between the sanctioned rate on your letter and the actual all-in cost of export finance, there is typically 150 to 300 basis points of measurable opportunity — sitting across FX conversion spread, avoidable charges, facility structure, and unclaimed government subvention. Each figure has a specific location, and each is quantifiable in rupees.

Banking & Treasury Audit →
02 · FX PERFORMANCE

Measured completely, not just for compliance.

The exchange difference in the books of account is one number — the compliance number. The real margin number is different: realised rate minus the rate at which the export order was priced. Once tracked monthly, it becomes the foundation for every hedging decision that follows.

FX Risk Management →
03 · WORKING CAPITAL

Released from within, not borrowed.

When sales grow faster than cash, the gap sits inside the cash conversion cycle — DSO, DIO, DPO. A 10-day improvement in debtor collection on ₹100 crore revenue releases ₹2.7 crore of working capital, permanently, without adding a rupee of bank borrowing.

Working Capital Advisory →

Five services. Each standalone. Stronger together.

Banking & Treasury Audit

A line-by-line reconciliation of banking charges against sanction letter, published tariff, and RBI directives — delivered as a rupee figure with a priority-ranked action list.

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FX Risk Management

Real-time exposure mapping from order to realisation. Three-method performance measurement on every bill. Written risk policy. Weekly market research applied to your specific position.

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Interest Cost Management

The right export finance product at the right time — PC INR, PCFC, post-shipment credit, factoring — advised proactively, based on your cash cycle and current market conditions.

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Working Capital Advisory

DSO, DIO, and DPO mapped from your actual data. The rupee value of improvement calculated before any change is proposed. Monitored monthly via Power BI dashboards.

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Government Incentives & Export Schemes

Your complete entitlement mapped — RoDTEP, IES, RoSCTL, GST refund, Advance Authorisation, PLI schemes — by sector, by HS code, by current notification.

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Thirty minutes. No pitch. No package.

We review your situation before the call. You leave the conversation knowing where to look first — whether that leads to an engagement with us or not. The thirty minutes are yours either way.

25+ Years
Experience
Financial markets, treasury & FX operations
15+ Sectors
Multi-Sector
Manufacturing and services — from seafood to IT exports
Independent
By Design
No bank affiliation. No commissions. On your side of the table.
Data-Driven
Technology-Led
Suitable for small, medium, and large corporates

Two roles at the table. Two mandates.

Your bank Relationship Manager performs an important role — building the bank's business with you. That role has its own mandate and its own compensation structure.

Our role is different. We benchmark your banking relationship, FX performance, and working capital position against RBI directives, CCIL interbank rates, and industry standards — and share the numbers with both sides of the table. Our only revenue is the advisory fee our clients pay. No bank affiliation. No product commissions.

That single fact — where our income comes from — is what allows us to sit on your side of the table without a conflict of interest.

Built for every business in cross-border trade.

Our work is not defined by company size. It is defined by exposure — the moment a business begins invoicing, paying, borrowing, or hedging in foreign currency, the questions of banking cost, FX performance, and working capital become part of its finance function.

We work with exporters, importers, and businesses running mixed cross-border operations across a wide range of sectors. Whether your foreign currency turnover is a few crores a year or a few thousand crores, the methodology remains the same — the scale of the engagement adjusts to the scale of the business.

Seafood & Marine Textiles & Garments Engineering Goods Spices Agricultural Commodities Rubber Food Processing IT & Service Exports Manufacturing Importers Cross-border Services

Advisory backed by technology. Intelligence backed by data.

Every advisory engagement includes access to our integrated technology suite — treasury management, reconciliation, and business intelligence in one platform. Software and advisory delivered together, not separately.

FX Capital TRM

Treasury and risk management for any-size exporter. Live MTM. Three-GL analytics. PCFC tracking. FX advisory integrated.

FinFlow Pro

Enterprise treasury platform. ERP integration. Cash forecasting. Hedge accounting. Fully customisable.

ReconciliationHub

All-in-one reconciliation — bank, GST, and banking cost — in one system.

Power BI Dashboards

Live treasury and business intelligence for boards and CFOs. Connected to your data. No Excel preparation.

Explore the technology platforms →

We do not represent any bank. We do not earn commissions on any financial product. We carry no affiliation that creates a conflict with your interest. That independence is the foundation of every recommendation we make.

Published weekly — practical insights for treasury teams.

Banking Cost

Your bank statement is not your finance cost.

How six hidden charge types sit between your sanctioned rate and what you actually pay — and where each one is documented in RBI circulars.

Read on the blog →
FX Performance

The real FX gain or loss is not in your books.

Why the accounting GL your CA produces is correct for compliance and incomplete for performance. The three-method framework, explained with numbers.

Read on the blog →
Working Capital

Sales are up. Cash is tight. Here is where it is leaking.

A self-assessment framework for the cash conversion cycle — and the rupee figure released by each day of improvement.

Read on the blog →
Read the Weekly FX Outlook →

Thirty minutes. No pitch. No package.

Send your situation. We review it before the call. You leave the conversation with a specific direction — whether we work together next or not.