Background
AccountsIQ helps finance teams automate manual work, gain real-time visibility and close faster through AI.
AccountsIQ is the ideal cloud accounting platform for mid-sized businesses that have outgrown Sage, Xero, QuickBooks and other starter or on-prem systems, without having to deal with the complexity or cost of a full-scale ERP such as Netsuite or SAP. Founded in 2008, AccountsIQ now supports over 35,000 users in more than 85 countries.
Challenge
AccountsIQ customers were processing thousands of multi-currency payments through bank transfers and credit cards. Bank fees and international charges resulted in receiving payments in amounts that were less than expected. Missing reference numbers also made payments difficult and time-consuming to reconcile.
Solution
Through integration, AccountsIQ has embedded TransferMate’s international payments functionality within its platform. Fast and secure payments are made directly from AccountsIQ, streamlining the FX payment process. This improved process offers tangible savings for the accounts team, as manual reconciliation is no longer required. Users of AccountsIQ now benefit from preferential exchange rates, lower fees, and a streamlined payments process.
Useful resources
AI Accounting Software for Trust, Audit & Compliance | AccountsIQ
AccountsIQ for CFOs | Cloud Financial Management for Growing Businesses
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