TransferMate launches Cross-border Platform Solution for accounting practices worldwide to provide outsourced payments solutions for clients
Accounting practices worldwide are increasingly embracing technological changes in order to stay one step ahead of the competition.
Cross border foreign exchange payments, also referred to as international wire payments is one service that business clients still find to be time consuming to process and to deliver using their bank. Having listened to our accounting partners, our team have released an online platform enabling leading accounting practices to step in and offer international payments as an outsourced service to their clients worldwide.
The outsourced payment platform for accounts directly integrates into clearing banks worldwide enabling payments to be sent faster than with a traditional bank and eliminate international wire fees for both the client and the payee.
Accountants using the platform can login, set up payments and have them authorised internally or by clients. The accountant, the client and the payee are all notified as soon as payment has been sent. Bulk payment files can also be uploaded allowing clients to save significant time in processing payments.
Barry Dowling, Co-Founder of TransferMate Global Payments said
“The international payments market is worth over $26 trillion annually. We are very excited to open this platform up to accounting partners worldwide and have teams in place in all of our key markets to train accounting partners. There is an appetite among leading accounting practices to be seen to deliver services that will ultimately save their clients time and money and allow them to focus on their business.”