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.
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.
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.
Reduce payment errors
Pull supplier details directly from customers’ accounting platforms to avoid human error when setting up payments and improve customer experience.
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.
Accounts payable
Make your product easier to use by automatically loading customers' AP files.
The latest news and insight on connectivity and the payments industry
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Fintechs that move money for business customers can help remove barriers to adoption and increase customer retention by becoming a supported bank feed in customers’ accounting software.
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