To pay international suppliers in their local currencies, middle market companies have traditionally relied on international bank wire transfers. What many don’t realize is that getting funds to suppliers is an opaque process involving multiple intermediaries and hidden fees that drive up costs and processing times. Moreover, manually processing foreign-currency invoices creates additional complexity for already overtaxed AP teams.
Join this webinar to learn how to identify and eliminate the hidden cost and complexity of FX payments. Discover the true cost of cross-border payments by understanding the various hidden fees throughout the process. And see how AP Automation platforms enable faster transfer and easy reconciliation of cross-border payments, while reducing FX costs by 40% or more compared to traditional international wire transfers.
Attendees will learn:
• How to avoid hidden FX fees and reduce cross-border payment costs by 40% or more
• Key challenges with manually processing multi-currency invoices and payments
• How MineralTree automates multi-currency invoice processing and FX payments