- Global leader in B2B cross-border payments has announced new way for businesses to invoice and receive funds from international customers
- Will provide competitive rates and better service for companies with large foreign currency receivables
TransferMate, the global leader in international B2B payments, has just announced the launch of a new initiative aimed at improving overseas billing and receivables for customers.
The expanded service, called Global Receivables, offers businesses a more transparent, same-day transaction product that allows users to streamline and drastically simplify the process of billing and receiving funds from customers overseas. Businesses that process a high volume of transactions in foreign currencies can expect to reap the biggest benefits from the Global Receivables product.
Officials say the service will offer competitive exchange rates with zero fees for senders or receivers, as well as an option to bill in local currency.
"For many businesses, billing and collecting overseas payments from customers can be a long and laborious task," said TransferMate co-founder and CEO Terry Clune. "This new Global Receivables solution automates the process, allowing companies to track the full payments life-cycle from one unified platform, freeing up time for them to focus on serving their customers and growing their businesses."
Because TransferMate is licensed in all 50 states in the US, as well as a host of global regulatory markets, companies should be able to enter and expand their presence in emerging markets seamlessly.
As the digital economy continues to open up new opportunities for businesses of all sizes, solutions like Global Receivables make it easier to process international payments at a lower cost, with improved transparency, shortened transaction time and consolidated technology.
TransferMate's existing customers, who have already seen the benefits of the firm's offerings, are looking forward to implementing the new payment solution.
"This new Global Receivables product allows us to offer [our clients] even greater functionality and integration of their payment process through one unified platform," said Warren Keogh, Director of RSM Ireland, a leading business accounting and consulting firm.
