delaware and TransferMate – an award-winning technology solution for international B2B payments – have announced a strategic partnership that will deliver significant added value for medium-sized enterprises who need to make cross-border payments on a regular basis.
“delaware is always looking for ways to add transformational value for our customers,” said Eric Hiernaux, Managing Director at delaware International. “Our aim is to align the substantial capabilities of the SAP platform with our customer’s business objectives. Although SAP includes advanced solutions for managing payment factories and multi-bank activities itself, offering the integration of TransferMate’s solution with SAP will especially allow our medium-sized customers to make and receive international payments effortlessly, while reducing costs. Moreover, it improves transparency and ensures optimal cash management and bank optimization across global entities and currencies.”
The outcome of the partnership will enable companies to pay international invoices faster and in a cost-effective and transparent way through an end-to-end payments network within SAP. As such, medium-sized enterprises will no longer be confronted with non-transparent correspondent banking systems, including unexpected wire and intermediary banking fees and uncertain transfer timelines.
“The partnership with delaware is of benefit to the entire SAP ecosystem,” said Sinead Fitzmaurice, CEO of TransferMate. “Not only does delaware have exceptional knowledge of how their customers are leveraging SAP, they are also committed to providing them with seamless end-to-end solutions. The integration of TransferMate’s solution with SAP contributes to this, as it offers companies an alternative solution to complete international payments. In this manner, we increase the value of investments in SAP while simultaneously reducing costs and improving working capital management.”
