Procure to Pay
Procure-to-Pay Seamlessly manage mass payments, automate invoice reconciliation and have full transparency on your payments lifecycle. Challenges Technology Global Footprint Benefits Security Testimonials
Procure to Pay Challenges
Managing international payments, reconciling invoices & dealing with local regulations can cause huge headaches. How do you manage this?
Longer Debtor Days
Delays receiving funds impacts cash flow and lead to longer debtor days
Fraud & Compliance
International funds transfers expose organisations to fraud and compliance risks, which not only have a short-term financial impact but potentially far greater reputational challenges.
Visibility Over Funds Flow
Paying from multiple accounts to multiple suppliers based in different countries causes problems with real time data visibility. What funds are going where?
International buying involves large transactions associated with high costs including rising costs of transactions and increased FX exposure
Accounts teams spend a huge amount of time trying to track and trace payments, missing reference numbers and mismatched funds
TransferMate enables organisations to automate and digitize their entire payments process.
Our unique solution provides finance teams with a single interface that improves access control and visibility over spending, helping better manage company cashflow.
TransferMate makes it easy to send digital payments to suppliers, create and execute batch payments across different channels to reduce admin, eliminate errors and prevent fraud.
Unrivalled global licence & regulatory footprint Make and receive payments in 162 countries and 134 currencies Extensive network of local accounts helping bypass costly wire fees Funds protection by excluding sanctioned countries
Settlement Options BENEFITS Make Payments Faster
Reduce payment processing time and improve supplier relationships
Visibility Over Funds Flow
Transparent tracking with payment confirmation ensuring visibility over funds flow
Improved Cash Flow
Receive funds faster & reduce debtor’s days
Automatic reconciliation reduces admin time spent reconciling payments
Full Audit Trail
Complete and full audit trail within one unified platform with closed loop on FX gain/loss
Amount billed = amount received
Eliminate international bank fees and audit charges while reducing FX exposure
One single interface that improves access control and visibility into the timing of payments
SECURITY & REGULATIONS
SECURITY & REGULATIONS Secure Online Communications We utilize numerous levels of physical, logical and software security controls. Protecting Your Information Local bank account network eliminates costly bank charges Payment Tracking All payments are tracked from point of booking to when the funds are received. North America Licenses Licenced in 51 U.S. states/territories and Canada Europe & Middle East Licences Across the E.U., the United Kingdom, Switzerland and the United Arab Emirates Asia-Pacific Licences Licences in Hong Kong, Singapore, Australia and New Zealand Learn more Don’t Just Take Our Word for it Coupa Financial “We are pleased to partner with TransferMate to create a simpler way for businesses to manage payments processes. By integrating with Coupa Pay, companies can now manage payments seamlessly, so everyone is spending and paying smarter..”
SAP Concur Financial “ Taking something complex and make it look simple, that’s where you can help customers. ”
Wells Fargo FINANCIAL “Collaborating with a leading fintech like TransferMate to bring Global Invoice ConnectSM to market is a powerful demonstration of how partnership and collaborative design can result in real value for customers by significantly reducing the costs and complexities associated with managing international receivables.”
TransferMate offers an unrivalled global licence and regulatory footprint, ensuring funds are moved securely and compliantly but also quickly, with same day money transfer part of the TransferMate solution. Notification
Use bulk payments to make up to 10,000 payments to employees or partners with a single click