International Receivables

Automate invoice reconciliation, eliminate bank fees and improve cash flow

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CHALLENGES

Receiving funds from overseas via traditional international bank rails can cause delays, incur handling costs and can be unpredictable impacting cash flow and time spend reconciling invoices.


Longer Debtor Days

Delays lead to longer debtor  days and an ineffecient  cashflow cycle.


Unexpected Bank Charges

In many cases the amount billed  does not equal the amount received.


Time Consuming

When making an international  payment, the funds are  transferred across borders,  incurring bank fees and FX mark  up, costing time and money.


Heavy Administration

As a payment makes its way across  borders, reconciliation details go missing which in turn causes  payment delays and leads to heavy  administration.

Global Leader in Receivables, Payments and FX Solutions

TransferMate is disrupting the market with powerful solutions that  provide a unique global reach, unparalleled in the market, enabling frictionless movement of funds locally across  the globe.


Global Regulation  across OECD & 51 US States & Territory


Trading in  162 Countries


350 Strong Team  Members


Streamlined  Reconciliation  Process


Competitive  FX Rates


Mass Upload  Technology

SIMPLIFY RECEIVABLES

THE TRADITIONAL WAY

THE TRANSFERMATE WAY

TRANSFERMATE RECEIVABLES SOLUTION

  • Improved Cash Flow
    Reduce receivable days

  • Reduced Admin Time
    Automatic payment reconciliation

  • Receipts Issued
    To sender and receiver

  • Full payment history
    Back end reporting

  • System Integration
    Accounting software integrations and live API

  • Refunds
    Automatic to originating accounts

  • Eliminate Overseas Bank Account
    Reducing account fees and audit charges

  • No implementation cost

  • Set up within 24 hours

COST AND TIME SAVINGS

Company A B C
Monthly Payments Received 100 500 2000
Admin Time Saved 25 127 500
Cost Savings $54,000 $270,000 $1,080,000

*Time savings based on 9 minutes of administration time per transaction and money savings based off a $45  transaction fee per transaction.

STRATEGIC PARTNERS & CLIENTS

We are the strategic partner of choice for Global Banks, Software Providers and Higher Education institutions worldwide.

30th April at
11.00AM EST

Boost cash flow, reduce debtor days & improve funds visibility

JOIN OUR WEBINAR

Gary Conroy
Chief Product Officer

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