Business Products/Systems
Featured supplier

Flywire Corp

2024

Member Since
  • Headquarters: Boston, MA United States
Request Information
Visit their website
Flywire (Nasdaq: FLYW) is a global payments enablement and software company. Flywire combines its proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for clients and their customers. Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, so organizations can optimize the payment experience for their customers while eliminating operational challenges.

Collect payments in 140+ currencies from global franchisees with ease

With Flywire for franchsors, your A/R and Treasury teams can make it easy for customers to pay you in their preferred currency, settle payments in your preferred currency, and automate reconciliation processes. Don’t sped the time and effort piecing together and maintaining costly payment infrastructure and bank accounts for collecting international franchise payments.

Global franchisors know that collecting cross-border payments isn’t simple. Payments are often late or short, or both things. This makes it much more challenging to predict and manage cash flow, and can impact profit margins.

Here’s why:

  • Banking differences/local economy
  • FX rate fluctuation
  • Lack of clarity of fees
    • The difference between the midmarket rate and the actual cost of obtaining the currency
    • Credit card fees
  • Security and fraud
  • Payment delays

 

Search