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Accounts Receivable

Automate collections and gain control over your revenue

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.

Simplify global collections in 100+ currencies for

Segregate incoming funds into sub-accounts with individual IBANs for better visibility

Automate follow-ups, reconciliation, and postings with native connection to your ERP

Start collecting payments

Automate collections and reconciliation in a few clicks

Step 1

Issue invoices or payment requests from Fyorin or your ERP.

Step 2

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

Step 3

Fyorin’s payment chaser ensures timely follow-ups and faster collections.

Step 4

Once paid, we automatically reconcile and post it to your ERP.

End-to-end accounts receivable automation

Simplify collections by automating the process from start to end. Issue invoices and custom payment requests to get paid instantly and Fyorin will take care of reconciliation and follow-ups while you get better control over your revenue.

Save 290 hours of manual work with native ERP integration

Thanks to a native, two-way sync with your accounting or ERP platform, Fyorin eliminates manual reconciliation. Issue invoices and payment requests, and once paid, Fyorin takes care of reconciliation and posting—automatically.

Speed up collections

Reduce DSO and optimise cash flow. With timely reminders for overdue invoices and instant notifications, Fyorin ensures customers pay on time so you can minimise the impact of late payments on your cash flow

Enhance the payer experience

Improve customer relationships by offering a better payment experience. Let clients pay in their desired currency track invoices and payment statuses through their own payer dashboard and stay informed with automated updates.

Stay in control of your revenue

Track who paid, how much, and when by segregating incoming funds into sub-accounts for full visibility. Let customers pay in their local currency to reduce FX exposure and conversion fees. With clearer insight into incoming funds, you can support more accurate cash flow forecasts and financial 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.