Complex businesses have complex requirements, so a one-size-fits-all approach might not be the most suitable approach to overcoming your challenges. That’s why we offer bespoke API solutions, where our experts will meet with you to determine your specific requirements and establish how we can help you.
For many of us, just hearing the phrase API can make the eyes glaze over. But it doesn’t have to be that way. API stands for Application Programming Interface and, put simply, is a means by which two applications can talk to each other. You almost certainly use a variety of APIs every day – Facebook is one notable example of an API, but if you check the weather on your phone, or open Google Maps to get from A to B, you are using an API.
Automating International Payments
Over the past few years, we have worked tirelessly to improve and extend our service offering. In a fast-paced world, automation is becoming increasingly important, for convenience, ease of use and peace of mind. That’s why our team of experts have been developing cutting-edge technology that allows you to automate your payment processes and manage your foreign currency risk.
Our API solutions don’t replace the service we offer all of our clients. Rather, they enhance our budget, risk, solution service offering and help you in several different ways. The potential for APIs is so great, that it is impossible to list each and every capability, but we thought it would make sense to bring your attention to some of the most basic ways our API solutions can help your business.
Risk Management: The solutions we offer are tailored to each individual’s exact requirements. We work to de-risk your business and cover your exposure to the currency markets.
Efficiency: You can process your payments in just a few clicks, so you are effectively outsourcing the payments aspect of your back office function. This in turn speeds up processes.
Transparency: Our live rates API gives you the exact exchange rate before you trade and gives information on the costs for both spot transactions and more nuanced hedging strategies.
Protection: Deals with medium- to long-term exposures can be automatically hedged on an individual basis, thereby negating the currency risk and providing clarity on profits and margins for both management and accounting purposes.
Reporting: You do not have to spend time chasing payments because you’ll receive alerts when funds are sent and received. You can also generate reports which break down individual transactions and the associated costs.
We offer two basic types of API solutions, although we are continuously developing the technology. As we evolve, so too do our capabilities, with more and more possibilities opening up all the time.
Our turnkey solutions are available for everyone to use immediately. From speeding up delivery times and reducing operational burden, through to eliminating human error and mitigating currency risk, we provide a range of solutions for UK businesses.
In addition to the turnkey solutions we offer, we provide a range of bespoke solutions tailored to your specific requirements.