Forbes > Goldman Sachs & Veem partner. Learn more
Forbes > Goldman Sachs & Veem partner. Learn more
IonOptix
Case Study
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In the early 1990s, Dr. Douglas Tillerson developed a system for measuring calcium in neural pathways. By 1992, Tillerson’s technology was being used in cardiovascular research. He decided to start a business on the back of his groundbreaking technology to give researchers around the world the opportunity to further their work.

A Complicated Payments Process

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Doubling-Up Between Offices

Two Invoices, Two Purchases, Two of Everything
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Slow Banking Processes

45 Minutes Filling Out Forms
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Too Costly

$40 Per Wire, Plus Intermediary Bank Fees

Tom Udale, IonOptix’s current CEO, had a really difficult time with his company’s global payments. Every payment had to be processed through their second office in Dublin, which caused confusion, headaches, and two copies of everything. The bank was no better. 45 minutes to fill out forms, and $45 per wire was just too much.

“When I found Veem, I was just floored. Before them, I was taking at least an hour to send a wire. Now, it takes me five minutes. I save a ton of time, which means I can get other stuff done for the business. For me, that’s the main benefit. Now, I can get stuff done that actually makes me money, and sitting in a waiting room is not one of those things.”

Tom Udale, CEO

Simple and Efficient Global Payments With Veem

Major Time Savings

Fast

5 Minutes to Send a Payment
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Easy Reconciliation

No More Extra Paperwork
Exact Money Received

Money Saved, Money Earned

Significantly Less Expensive than Banks

Tom is an engineer at heart. As he’s said himself, he’s all about “trying to be more efficient.” When looking for a global payments solution, he knew Veem was the right fit. IonOptix is doing great work in medicine. If Veem can help them help others, all the better.

Veem: The Global Payments Solution

Tom is an engineer at heart. As he’s said himself, he’s all about “trying to be more efficient.” When looking for a global payments solution, he knew Veem was the right fit. IonOptix is doing great work in medicine. If Veem can help them help others, all the better.

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