TransferMate’s unique receivables solution enables businesses to reduce debtor days, eliminate bank fees and gain full visibility on cash flow

B2B payments company offers an easy-to-use solution to get paid faster while automating invoice reconciliation Editor’s note: This is the third part on our series on receivables leading up to our April 30 Webinar. Read about the basics of receiving international payments in part one and improving cash flow in part two. TransferMate Global Payments, one of the world’s leading cross-border B2B payments providers, has deployed an advanced receivables solution to businesses around the world. The payments solution enables TransferMate clients to reduce their days sales outstanding (DSO) while gaining…

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Waiting and wishing on international receivables? Improve your days sales outstanding

Editor’s Note: This is our second post in our series on international receivables. Read our first post on the common pitfalls and check back later this week for more. There’s nothing worse than waiting on a payment from a customer, not knowing where it is or if you’ll ever actually even see the funds you are due. In our first blog in our series on receivables, we looked at the basics of receiving money from international customers and where things can go wrong. In this post, we’ll dive into ways…

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The common and forgotten pitfalls of receiving international payments

Editor’s Note: This is the first part of our blog series on international receivables. Check back next week for more insights. A growing business has just made its first sale to a new customer in Singapore. It’s a big deal because the company has been working on attracting clients in Asia for quite a while. They sent the customer an invoice and they’re waiting for the funds to hit their bank account. They’ve been waiting a while. The big day finally comes, but something is not right. The amount deposited…

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TransferMate partners with Global Payroll Association on cross-border webinar

TransferMate will host a webinar with the Global Payroll Association to address some of the most pressing issues for international payroll. Paying international employees often requires opening local bank accounts in each office location, each with their own fees, and using payroll vendors in each country, each with their own processes. This can add significant costs to an organisation, including bank charges, wire transfer fees and FX rates – not to mention, additional admin time reconciling multiple payments from multiple bank accounts. TransferMate’s Chief Product Officer, Gary Conroy, will lead…

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Managing education payments and refunds during coronavirus

There are a number of industries across the globe impacted by COVID-19, but educational institutions are quickly pivoting to adapt to their new normal of remote learning, or postponing some education. Many educational institutions around the globe have cancelled on-campus classes and activities, moving some classrooms online. For students, this means not returning to campus and not utilizing dormitories or services they previously paid for. For educational institutions, this situations leads to two activities when it comes to payments: Continuing to receive payments from students as they move instruction online…

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