Background
Wells Fargo provides banking, investment, and mortgage products and services, as well as consumer and commercial finance, through 7400 locations, more than 13,000 ATMs, the internet and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy.
Challenge
Digital interactions between individuals and companies increase and evolve globally, so does the pressure to reduce friction around the traditional borders. The international exchange of information, money, and virtually any other unit of value is creating a demand to advance technology to better adapt and enable global financial services solutions in this ever-shrinking world.
Solution
TransferMate has built a strategic relationship with Wells Fargo to deliver Global Invoice ConnectSM — the go-to platform for U.S. based international businesses looking for a simpler, more cost-effective solution for receiving payments from their global customers.
Global Invoice ConnectSM streamlines the receivables process and reduces administrative overheads by automatically matching the payment received to the invoiced amount, thereby eliminating manual reconciliation.
Global Invoice ConnectSM helps reduce a business’ expenses, and improves its cash flow by ensuring receipt of the full invoiced amount and receiving funds faster and at a lower cost than a traditional international wire.
