Product > Products >

Accounts Receivable

Get paid faster with global receivables solutions

Q: How many currencies can I collect payments in?

We can enable you to collect money in 28 currencies today, and we are constantly adding. If you don’t have the currency active today, you can do so at a click of a button.

Q: How can you segregate funds?

You can segregate funds in your accounts using sub-accounts. For better control and visibility of your funds, you can create specific sub-accounts for funding your different departments, projects, and teams.

Q: Does your platform provide accounting integrations?

We integrate with the industry leading ERPs and accounting tools - Zoho, QuickBooks, Sage, Xero, Netsuite and Microsoft Dynamics.

Q: What does two-way integration mean?

With the two-way integration we not only sync your invoices and collections to allow you to use our automated receivables to match incoming payments, but we'll also mark them as paid in your accounting software as soon as payments are matched.

Q: Can I issue an invoice on the platform?

Soon we will launch a functionality that allows you to create payment links so that your customers can easily pay with the desired amount and currency. To speed up reconciliation, you can attach custom tags to the link.

Q: How can small businesses benefit from a global network?

Small businesses can leverage a global network to access a broader customer base, diverse markets, and varied resources. This global reach enables them to offer their services and products worldwide, potentially leading to increased growth and revenue.

Q: What are the main risks for companies expanding into a new country?

Expanding into a new country involves risks such as dealing with volatile exchange rates, navigating foreign taxes, and managing multiple accounts across different banks. These challenges can impact a company’s financial stability and operational efficiency.

Q: How can businesses effectively manage credit when operating globally?

Businesses can manage credit effectively by using global receivables solutions that automate invoicing and payment collection. These solutions help in reconciling sales invoices, reducing manual work, and ensuring timely payments, which improves overall cash flow management.

Q: What advantage does having subsidiaries offer to a global business?

Having subsidiaries allows a global business to operate more efficiently in different regions by complying with local regulations, managing local taxes, and providing localized services. This structure can also help in mitigating risks and enhancing the company’s value in each market.

Automatically reconcile sales invoices in your accounting tool

Get paid faster in over 100+ currencies

Segregate incoming funds into sub-accounts

Start collecting payments

Automate accounts receivable in a few clicks

Step 1

Issue invoices or payment requests from Fyorin.

Step 2

Designate the account or sub-account you want to receive the funds into.

Step 3

Fyorin payment chaser facility enables you to get paid faster.

Step 4

Once payment is received we will automatically reconcile it in your accounting platform.

End-to-end accounts receivable automation

Receivables solutions that automate the process from start to finish. Enjoy greater speed and efficiency in your operations with automatic reconciliation, payment reminders, and payment collection in over 100+ currencies.

Less manual work with automatic reconciliation & chasers

Issue invoices and custom payment requests to get paid instantly with greater speed. When the invoice is paid, Fyorin will match the payment with your invoice and mark it as fully or partially paid.

No more late payments

Minimise the impact of late payments on your cash flow and working capital. We send periodic payment reminders for outstanding invoices to enhance visibility and ensure you always get paid on time.

Get paid faster with global receivables

Collect one-off payments or automated recurring payments without the high fees through our alliance bank network. Customers can pay you globally in over 100 currencies via bank transfer or instant bank-to-bank for cost-effective payments. Gain full control over your payment methods.

Better control of the revenue

Segregate the funds coming in into desired accounts or sub-accounts, that maps your accounting ledger to know exactly who paid and how much. Improved information delivery enhances the efficiency and effectiveness of managing receivables, providing a clearer overview of the cash flow and streamlining sales reporting.

Two-way integration with your accounting tools

Fyorin simplifies the accounts payable and receivable workflows to cut down time spent on manual reconciliation and data entry with a two-way sync to leverage the accounting software of your choice, enhancing efficiency through effective data processing.

View all integrations

Our clients

Our comprehensive accounts receivable solution, embedded into the suite of other financial products in the same platform, leverages local knowledge to solve our clients' most pressing financial problems across a broad spectrum of industries.

Solutions for Ecommerce and Retail

Fyorin has helped us save plenty of time through the use of virtual cards - an easy way to manage company spend - whilst also allowing us to empower our people and speed up the approval process. Highly recommended if you're looking for a simple solution to everyday finances.

Patrick Cutajar

EyeTech

With Fyorin it’s easy for us to just send over the local payment details to our US clients and receive payment in USD. There's a number of service providers we need to pay in the UK so being able to quickly exchange the funds into GBP and do the payments is another benefit. All these payments go through very quickly.