International Receivables
Automate invoice reconciliation, eliminate bank fees and improve cash flow
JOIN OUR WEBINARCHALLENGES
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 WEBINARGary Conroy
Chief Product Officer