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The Hidden Cost of Scaling a Global Team: Unsustainable Service & FX Fees

1840 is a fast-growing offshore recruitment company based in Kansas City that helps companies hire pre-vetted talent globally. With demand for offshore talent skyrocketing during the pandemic era, 1840 rose to the challenge, becoming a key player in this space.

For several years, 1840 has been using Deel, a prominent payroll provider, to recruit, pay, & manage its global workforce. Unfortunately, with a rise in demand comes a new reality: most payroll providers do not scale as you grow. From high service fees, aggressive FX conversion rates, and a slew of hidden fees––Deel and other payroll providers quickly become unsustainable for a growing business.

1840 began to feel the pinch as their monthly bill kept increasing and ate into their profit margins.

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An All-in-One Global Payments Solution at Half the Cost

Thera’s global payments platform offered 1840 exactly what they needed––an all-in-one platform that includes automated payroll processing, reimbursement facilities, local compliance, and an employee-friendly self-service portal. To make it even sweeter, Thera was able to offer this to 1840 while reducing their service bill by nearly 50%.

1840 moved their entire global workforce of 330+ contractors to the Thera platform, a seamless transition handled by the Thera customer success team.

“Changing service providers can be a daunting task, but the team at Thera took care of the process and made it seem effortless,” says Bryan DiGiorgia, CEO & Founder.

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Seamless Global Payroll with a Reduced Service Bill

Switching to Thera reduced 1840’s service bill by nearly 50%, allowing them to scale their business without worrying about rising costs.

The company continues to grow their outsourcing business and now offers recruitment services in 150+ countries.

“Thera has taken away the friction that comes with managing a global team. We spend less time on financial admin and more time growing the business. It’s really a no-brainer,” says Brian.

Brian and the 1840 team have saved hundreds of hours and financial resources by switching to Thera that can now be invested back into the business.

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