European Spend Management Fintech Payhawk Remains Focused on Simplifying International Transactions

At Payhawk, they claim to be all about simplifying the lives of financial professionals.

One way Payhawk does this is by “making international transactions seamless and eliminating the need for multiple tools.”

With Payhawk‘s comprehensive, cost-effective spend management solution, you “get corporate cards, automated receipt data capture & reconciliation, customizable expense categories, and international payments all in one place.”

Simon Shohet, Finance and Strategy Senior Manager at Alma, says,

“Payhawk’s international bank payments feature means we now have one platform to manage our payments, from employee reimbursements to paying suppliers across different currencies, including USD. We love that we don’t have to switch between different providers to make payments and have a complete overview of spend in Payhawk.”

As a finance professional, you’re always on the lookout “for ways to cut costs without compromising business performance.”

Payhawk’s new international payments feature “offers low-cost transfers, potentially saving you up to 11 times more compared to traditional banks.”

You can also choose the currency “when paying your suppliers, making transactions smooth and flexible.

Steve Naudé, Managing Director of Wise Platform, says:

“We’re proud to partner with Payhawk to provide businesses with a seamless international payment experience. In today’s global economy, there is a growing need for businesses to make international payments in multiple currencies to multiple locations quickly and at a low cost. By integrating Wise Platform directly within the Payhawk platform, Payhawk customers will be empowered with enhanced payment capabilities that suit their business needs.”

When making a payment within our platform, you may “enable the International Payments feature for the times you can’t use local schemes including ACH, BISERA, FPS, or SEPA.”

You can connect an existing Wise Business account, or they’ll “set one up for you in minutes, and if a local payment scheme is available, we’ll use it to minimize costs.”

The five biggest of International Payments with Payhawk:

  • Better control and visibility: Manage all your payments on one platform with real-time reconciliation to your ERP or accounting system, giving you ultimate spending visibility. Track spending, reimbursements, and invoice payments easily to maintain clear audit trails and comply with regulations.
  • Simplify global payments: Use one platform to oversee domestic and international payments and spending, eliminating the need to log into multiple systems.
  • Global reimbursements: Process and reimburse expenses in multiple currencies and countries without hassle or unnecessary expense.
  • Eliminate manual processes: Speed up month-end processes with real-time reconciliation. Automated approval flows and executing payments directly from the platform make things quicker and more efficient.
  • Move faster: Make international payments faster than traditional wire transfers, with 55% delivered instantly and 93% within 24 hours.

International transactions are a staple of thee global economy, “yet cross-border payments still pose significant challenges.”

Your business shouldn’t have to juggle numerous tools, “cover high transfer fees, or struggle with both domestic and international transactions.”

And with Payhawk, they will help you “take low-cost, rapid international payments, manage everything from one platform, and save time and money on global business spending.”

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