Codat for FX providers

Make your FX solution customers’ favorite way to move money

Cross-border payment providers use Codat to grow transaction volumes and increase competitive win rate by providing payment experiences fully integrated with the rest of customers’ financial operations.

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Problem

To avoid getting caught in a race to the bottom on price, FX providers must win against competitors on user experience.
The process of uploading supplier details and reconciling foreign currency transactions is painful for customers and acts as a barrier to adoption.

Solution

With Codat, cross-border payment providers can automatically sync transaction data, supplier details, and invoices with accounting and ERP systems, saving time for customers and making their solution the preferred payment method.

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Grow share of wallet

65% of businesses use 2 or more payment providers. Save customers time by automatically syncing foreign currency transactions with accounting platforms to make your solution first choice.

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Increase competitive win rate

41% of small and medium sized businesses would not use a payment provider that doesn’t connect to their accounting or ERP system. Win more deals with high quality integrations.

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Reduce payment errors

Pull supplier details directly from customers’ accounting platforms to avoid human error when setting up payments and improve customer experience.

Use cases

Find out how Codat could work for you

Embed your product in the heart of customers' finance operations.

Bank feeds

Provide accounting integrations that save customers time closing the books.

Explore Bank Feeds API

Accounts payable

Make your product easier to use by automatically loading customers' AP files.

Explore Sync for Payables
Tool
Resources

The latest news and insight on connectivity and the payments industry

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How to win in cross-border payments

Learn about the surprising link between accounting connectivity and share of wallet in foreign exchange.

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4 tactics for cross-border payment providers to upgrade their user experience in 2024

Discover the integration tactics being used by leading cross-border payment providers to enhance user experience and find your ideal fit.

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