TransferMate is a global, end-to-end, B2B payments platform which sends & receives secure, multi-currency, international payments fast and efficiently, handling almost every currency globally.
A smart way to manage international payments
AccountsIQ has partnered with the global payments company, offering customers a new way to access FX rates for payments, automated from within the finance system. Customers can make and receive international payments whilst saving a great deal of time on what can be a very cumbersome administration task.
Our accounting software now seamlessly integrates with market-leading TransferMate, providing customers with significant cost-savings on their international payments.
Watch the video explaining how the seamless integration works
How will clients benefit?
- International payments can be generated directly from within the AccountsIQ platform
- Access competitive FX rates and instantly benefit from significant savings on international payments.
- Faster settlement time and auto reconciliation as it is handled from within the accounting system – all postings happen automatically and no manual reconciliation is required.
- Greater control over payment settlement through our approval workflow.
- Only one login required (to AccountsIQ).
- Benefit from a simplified, international payments process that is accessible for all.
Watch this short video to explain the benefits the partnership will bring to AccountsIQ’s customers.
AVERAGE SAVINGS BASED ON 100 FX PAYMENTS PER MONTH:
Improved FX Rates & No Fees
£/€45 cost savings per payment = £/€54,000 p.a.
Admin Time Saving
7.5 mins savings per FX payment
= 18.5 admin days p.a. @£/€40 per hour = £/€6,000 p.a.
Total potential annual savings = £/€60,000 p.a.
Example of how much you can save with TransferMate: AccountsIQ’s CEO, Tony Connolly did a straight comparison between a €20k transfer he needed to make into Sterling, comparing our bank quoted cost and the TransferMate cost. AccountsIQ’s integration with TransferMate saved €410 on that one transaction, a saving of 2% (on a batch of payments equalling €100,000 in value, this would equate to c. €2,000!)
Read our Press Release about how seamless FX payments can now be made from within AccountsIQ
Sound compelling? If you are interested to learn more, get in touch.