Receiving money from overseas can cause delays, incur handling fees, and cause a lot of complexity when reconciling invoices. Very often, the funds received do not match the invoiced amount. What does this mean for a business?
Delays receiving funds impact cash flow and lead to longer debtor days
Fees charged by intermediary banks to receive international payments mean the amount billed often does not equal the amount received
Accounts receivables teams spend a huge amount of time trying to track and trace payments, missing reference numbers and mismatched funds
Calculate how much you could save with Transfermate Accounts Receivables
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“The ability to automate payment seamlessly to over 140 locations quickly, accurately & compliantly has been a critical enabler in delivering an end to end solution to the likes of Uber, Adobe, Wayfair and Columbia University for their workforce globally.”
“TransferMate’s network of local bank accounts means our global workforce is paid on time every month. Eliminating delays allowing us to track and trace all payments.”
“With TransferMate, we found a solution that matches our needs and greatly reduces cost, improves transparency and eliminated friction points.”
Use bulk payments to make up to 10,000 payments to employees or partners with a single click