“Collaborating with TransferMate to bring Global Invoice Connect to market is a powerful demonstration of how partnership and collaborative design can result in real value for customers.”
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The way you process B2B payments matters. To keep your company thriving, you need a fast, reliable method for collecting payments and reconciling invoices. TransferMate’s receivables solution works in conjunction with your ERP and accounting software to automate accounts receivable, reduce debtor days and improve cash flow.
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
Fully automated payment request process
End-to-end reconciliation and real-time reporting
Full visibility over funds flow and cash flow optimisationSee how TransferMate’s receivables solution simplifies accounts receivables and mass collections.
Upload one file to request up to 10,000 payments at once in multiple currencies
Calculate how much you could save with Transfermate Global Receivables
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“Collaborating with TransferMate to bring Global Invoice Connect to market is a powerful demonstration of how partnership and collaborative design can result in real value for customers.”
“The students have found that by using TransferMate to transfer payment of tuition fees, not only is it easier and more efficient, they receive an immediate official receipt of payment.”
“Before using TransferMate’s receivable solution, this process was very manual and susceptible to errors. Using TransferMate’s mass payment facility, we can process hundreds of invoices in multiple currencies.”
Our mass receivables solution is particularly suited to businesses with significant volumes of receivables in foreign currencies, offering highly competitive FX rates with no sender or receiver fees and the option of billing in the business’s domestic currency or that of its customer.
Sign up and register as a new client and complete the application form on our website.
Track all transaction history, beneficiary details, payment status, value dates and more using our 24 hour online system. Alternatively, our 24 hour customer service team can provide this information to you.
Once we receive your payment into our account in your country, we make payment on the same day from our account to your beneficiary in their country.
There are no fees in having a TransferMate account, no fees on all standard foreign exchange payments transfer and no fees for our mass payment solution.
Yes! TransferMate offer a range of apps that integrates our solutions into your existing accountancy software and treasury systems. Integration is seamless, with apps currently available for SAP, Sage, QuickBooks and MYOB. Our API solution can also be custom build to suit your internal system saving huge amounts of time on reconciliation and general admin tasks.
Global regulation has allowed us to build our own secure banking network, providing our clients with a completely transparent end to end solution
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Use bulk payments to make up to 10,000 payments to employees or partners with a single click