Accrualify a TransferWise integration partner to power global payouts.
SAN MATEO, CA April 13, 2018 — Accrualify, Inc. is has announced it has officially become a TransferWise integration partner. The partnership gives Accrualify customers the ability to pay vendor bills internationally directly from their Accrualify instance, while receiving a competitive transfer rate.
“We are excited to be able to support a growing community of startups looking for global payouts solutions,” explains Erik Edin, Product Manager at TransferWise. “With companies such as Accrualify going international at a much faster pace than before, we know it’s important to have access to powerful payment rails from the start.”
Accrualify had been seeking out an international payments partner for the last year. After meeting with a number of potential partners, the Accrualify management decided to apply to become a TransferWise integration partner.
“A lot of companies claim to have API capabilities, but it can often end in disappointment”, says Benjamin Portusach, CEO and Co-founder at Accrualify. “But with TransferWise, they really delivered a global solution for our customers’ payouts. A number of our customers were looking for ways to pay vendors outside of the US. After much research, we concluded TransferWise is the fastest, most cost efficient option out there. Their powerful API makes integrating with them a no-brainer.”
For TransferWise, the partnership is about bringing a great experience to wherever their customers are. “We believe sending money internationally should be as easy as sending an email”, Erik says. “We’re always looking for ways to make international payments easier, and integrating with platforms where our customers are makes a lot of sense.”
TransferWise has been ramping up efforts to support startups looking for global payouts capabilities. An increasing number of companies are choosing TransferWise for a range of use cases, such as affiliate payouts, marketplace payouts, international payroll, and vendor payments.
Sending money abroad is deceptively expensive, thanks to the hidden charges we’ve all been forced to pay. The banks claim “free money transfers”, “0% commission.” Sounds like money’s already flowing freely, but far from it. It’s pure propaganda. TransferWise removes all the wrongness, letting people send money abroad at the lowest possible true cost. Using only real exchange rates and tiny not-hidden-fees. Headaches averted, and a revolution sparked.
About Accrualify, Inc.
Accrualify offers mid- and enterprise-level companies cloud-based automation solutions to better manage their Procure-to-Pay and accounts payable processes. Accrualify’s products enable more efficient and automated management of purchase orders, accruals, invoices, payments, vendor management, and budgeting. Their mission is to leverage artificial intelligence (AI) and machine learning to address the many pain points corporate finance organizations face on a daily basis. It was this principle that led Accrualify to develop a process that automates month-end accrual processes.
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- CFO Tech Outlook names Accrualify as a Top 10 AP Software Provider for 2018
- Spend Analytics No Longer Enough For Procurement: Accrualify
- With our latest fundraise, we will put the focus on enhancing customer experience.