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The following rates are interbank rates. This is the rate at which banks buy and sell money from each other. These rates are not available to private individuals or small to medium companies. They are therefore provided for indicative purposes only. For a quote please phone our team.

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Walk Through Transfermate

Background

AccountsIQ’s award-winning financial management and consolidation software simplifies how finance functions capture, process and report the results of multiple location businesses. 

Today, over 4,000 businesses in 85 countries enjoy 24-7 access to top level Financial Management functionality, enabling smarter working practices through integrated approval workflow and expenses apps, Webservices API integration with front end systems and automated inter-company and multi-currency processing, delivering simple and accurate consolidated results and a superior level of business insights.  

Challenge

AccountsIQ customers process thousands of multi-currency payments through bank transfers and credit card. Bank fees and international charges meant that what they were receiving was less than expected. International payments were difficult and time consuming to reconcile and had missing reference numbers.

Solution

TransferMate proposed its leading API technology integration that allows AccountsIQ customers to benefit from preferential exchange rates and lower fees. International payments can now be generated directly from within the AccountsIQ platform, streamlining the process of making FX payments from within the their platform. This approach means only one login is required to make fast and secure FX payments directly from AccountsIQ. This offers tangible time savings for accounts teams, as all postings happen automatically and no manual reconciliation is required.

Notification

Use bulk payments to make up to 10,000 payments to employees or partners with a single click