Background

Midaxo provides a complete software solution for M&A and corporate development. Founded in Finland in 2011, Midaxo is located in three offices around the globe – Helsinki, Amsterdam, with global headquarters in Boston.

Challenge

Midaxo was using SAP Concur for expense management but needed an integrated solution to pay their international vendors in multiple currencies. The company’s payments team faced the prospect of manually processing each payment, which is complicated, costly, and time-consuming. They knew there had to be a better way.

Solution

TransferMate has revolutionized how Midaxo manages its international payments process. The solution is integrated with Concur Invoice and allows Midaxo to pay international vendors in multiple currencies, from a single platform—in real-time.

Midaxo now has an efficient, automated solution for vendor payments. This has streamlined their payment process, eliminated human error, and saved significant time. As well as this, TransferMate’s highly competitive FX rates result in notable monetary savings.