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Background
AccountsIQ simplifies the capture, processing, and reporting of accounting transactions. The company specializes in high-growth and multi-entity businesses looking to automate their processes and reporting.
Since launching in 2008, the company has grown from a start-up to a leading accountancy SaaS provider that supports over 4,000 businesses worldwide.
Challenge
AccountsIQ customers were processing thousands of multi-currency payments through bank transfers and credit cards. Bank fees and international charges resulted in receiving payments in amounts that were less than expected. Missing reference numbers also made payments difficult and time-consuming to reconcile.
Solution
Through integration, AccountsIQ has embedded TransferMate’s international payments functionality within its platform. Fast and secure payments are made directly from AccountsIQ, streamlining the FX payment process. This improved process offers tangible savings for the accounts team, as manual reconciliation is no longer required. Users of AccountsIQ now benefit from preferential exchange rates, lower fees, and a streamlined payments process.
