KUALA LUMPUR, May 21 (Bernama) -- Flywire -- a provider of global payment and receivables solutions -- added a new international invoicing service, designed to streamline the billing process for companies serving customers outside of their home country.
The free solution is available immediately and can be deployed stand-alone or in combination with Flywire´s global payments and receivables platform.
The key features of the solution include -- multi-currency invoicing, automatic invoice reminders, recurring invoices and monthly installments, seamless integration, robust analytics and built-in compliance, a statement said.
Chief Executive Officer of Flywire, Mike Massaro said: "For most companies, domestic billing is easy. There are a ton of off-the-shelf software solutions and the process is simple and straightforward with one currency, one format, well-understood payment methods and costs.
"When it comes to international billing, the process is far more complex, and if your invoicing does not make it easy for your international customers to pay you, it creates a domino effect of problems starting with extended DSO, high reconciliation costs, compliance issues and poor customer satisfaction, " Massaro added.
Available globally and free of charge, the new solution targets a variety of verticals including technology, manufacturing, travel, media, publishing, import/export, professional services, education and healthcare.
The Flywire´s new international invoicing solution is already delivering thousands of invoices globally every month for select customers.
Further information can be accessed at www.Flywire.com.
--BERNAMA
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