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IODM, a global leader in accounts receivable and cash management solutions, has announced a strategic partnership with TransferMate, the world’s leading provider of embedded B2B payments infrastructure as a service (IaaS), to streamline and enhance the cash management process for U.S.-based universities and higher education institutions in relation to international student fees.
This collaboration brings together IODM’s powerful cloud-based platform, IODM Connect, with TransferMate’s award-winning global payments infrastructure, providing institutions with a comprehensive solution to improve the cash management of outstanding international student fees. By automating the payment reminder and integrating secure international payment capabilities, institutions will benefit from improved cash flow, reduced administrative burden, and a better experience for both finance teams and international students.
With U.S. institutions hosting approximately 16% of the world’s international student population, making it the top destination globally, ensuring timely, transparent, and efficient fee collection is critical. The IODM and TransferMate partnership provides universities with the tools to proactively manage their receivables through advanced automation and global payment capabilities.
“We're proud to partner with TransferMate to support U.S. institutions in optimizing their cash management processes,” said Mark Reilly, CEO of IODM. “Our joint solution will empower universities to automate the collection of international student fees in a way that’s both efficient and respectful of the student experience.”
“This partnership with IODM aligns with our mission to simplify and streamline global payments for institutions and students alike,” said Thomas Butler, Head of Education at TransferMate. “By embedding our global payment infrastructure into IODM’s platform, we’re helping institutions reduce friction, improve transparency, and ultimately collect receivables faster and more securely.”
IODM, with operations across North America, Europe, and APAC, has a strong track record in helping institutions modernize financial operations and student communications. Partnering with TransferMate, owner of the largest fintech payments infrastructure in the world, will transform the way American colleges and institutions manage their global receivables, bringing new levels of automation, compliance, and convenience to the international student payment experience.
To learn more about the IODM and TransferMate partnership, contact the team.
