How the right tools can help companies save time and money on cross-border transactions

In the global economy, businesses in almost every nation trade across borders on a daily basis. This involves an often complex process of transactions and currency conversions, which often further adds to the time it takes the companies involved to be paid.

In the same way that technology has enabled the global economy to exist, so it is helping companies become more efficient and save money on these transactions.

  1. https://www.yaypay.com/blog/5-ar-collection-statistics-scare/ and https://www.tsico.com/statistics-will-shake-accounts-receivable/
  2. https://www.finextra.com/finextra-downloads/featuredocs/bny_mellon.pdf
  3. https://business-reporter.co.uk/2018/01/29/unlocking-hidden-cashflow-in-international-receivables/
  4. https://www2.deloitte.com/content/dam/Deloitte/us/Documents/financial-services/us-b2b-payments-untapped-opportunity-infographic.pdf
  5. https://www.worldpaymentsreport.com/

Currencycloud

Currencycloud‘s payment technology is the power inside countless businesses, driving the transformation of the global payments landscape. We're reimagining the way money flows through the global digital economy, allowing payment firms to remove the friction and inefficiencies of traditional cross-border payments using our flexible APIs.