The newest capability brings international vendor payments into ERP functionality, managed via one workflow
SquareWorks Consulting, an accounts payable automation software and ERP services provider, today announced the launch of its newest capability, International Payments. This global payment solution simplifies the payments process from end-to-end, ensuring accounts payable (AP) teams can pay global vendors just like domestic ones, without leaving their ERP suite.
International Payments expands SquareWorks Payment Automation along with ACH and check payments into a comprehensive product suite, providing all payment options in one solution. ERP platforms often lack built-in functionality to directly manage and execute international payments—with SquareWorks International Payments, AP teams can now onboard, manage and pay global vendors from a single workflow, avoiding disconnected third-party systems.
“The complexities of global finances can be difficult and costly for accounts payable teams to navigate,” said Bernardo Enciso, CEO of SquareWorks Consulting. “Our newest offering is designed to complete our holistic approach to payments, keeping all payments inside the ERP. By ensuring our payment solution includes both digital payments and checks included in our new global approach, we can provide our customers with a suite that meets all of their needs. Payment Automation and our new international capabilities are designed to be as multi-faceted as the financial operations our customers encounter daily.”
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Benefits of International Payments from SquareWorks includes:
- Real-time exchange rates and payment tracking.
- SWIFT wire payments to 200+ countries.
- Built-in compliance with country-specific vendor onboarding fields.
- International ACH support to reduce wire fees.
- International vendor self-onboarding through secure forms.
International Payments also seamlessly integrates with Invoice AI, to extract and process diverse invoice formats and currencies. Utilizing SquareWorks Automate with International Payments provides AP teams with complete end-to-end automation across the entire accounts payable cycle, significantly reducing manual labor, data errors and keeps all data and operations within the customers ERP instance.
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