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PaymentsHub is an invoice payment solution powered by TransferMate Global Payments. Our innovative, custom-built and technology-driven platform allows companies to better manage their invoice payment process.
How PaymentsHub works?
TransferMate is a globally regulated, B2B payments technology, which greatly improves the international payments process for SAP Concur Invoice clients through the PaymentsHub app.
What are the key features of PaymentsHub?
PaymentsHub is an effective and easy-to-use system with payment data analytics, allowing you to better manage and understand invoicing. TransferMate has built a secure end-to-end global payments network enabling faster, easier and more cost-effective cross-border payments. By bypassing the traditional correspondent banking network, TransferMate provides a simpler, smarter and more secure way to pay invoices through the PaymentsHub app.
TransferMate manages bank accounts in 162 countries, enabling business payments to be sent and received faster than ever before. Through a local accounts network, including 51 US states and territories, TransferMate can move money across borders through the PaymentsHub app ensuring delivery in 48 hours or less.
This mass-payments technology, managed form within the PaymentsHub app, eliminates client administration by making hundreds of payments in one step and can be downloaded in one click from the SAP Concur App Centre. But what are the real cost savings and benefits?
How can PaymentsHub powered by TransferMate save me time and money?
Faster International Payments – PaymentsHub moves money across borders same day/next day.
Full Visibility – PaymentsHub provides full visibility throughout the payment journey.
Value Delivered – Amount sent = amount received with competitive FX rates.
Integrated – Invoice and payment data easily recorded and saved for future use.
Cost saving example:
- Client processing 250 invoices per month
- 75 invoices are cross-border
- Average Invoice £5000
PaymentsHub is available via the SAP Concur App Centre.
Find out more in our next and final PaymentsHub blog. In this three-part series, we’ll be highlighting some of the many problems PaymentsHub solves.
Previous blog #1: How to simplify paying international invoices
