This tool allows real-time tracking of cross-border payments, offering businesses speed, transparency and control in their financial operations, the company said in a Wednesday (Nov. 15) press release.
“We recognize that in today’s fast-paced business world, clarity and speed are not just desired but required. Statrys is here to deliver that,” Bertrand Theaud, founder of Statrys, said in the release.
By implementing SWIFT GPI technology, Statrys brings a new standard in global payments to its clients, according to the release. This technology provides end-to-end transaction visibility, faster international transfers, and automatic payment tracking, ensuring businesses have the transparency necessary for effective financial management.
The SWIFT Payment Tracking feature offers several benefits for corporate clients, the release said. First, it enhances fund visibility by providing real-time updates on the status of cross-border transactions. This empowers businesses with greater control over their financial operations, allowing them to make informed decisions promptly.
Second, the feature streamlines capital forecasting by enabling diligent payment tracking, per the release. This brings new efficiencies to cash flow management, which is particularly useful for businesses operating on tight margins and schedules.
Moreover, the digitized proof of payment eliminates the need for manual processes associated with international transactions, according to the press release. This simplifies the complexities involved and reduces the risk of errors or delays.
Additionally, Statrys offers shared payment tracking, allowing clients to share a tracking link for outgoing payments, the release said. This reinforces transparency with their beneficiaries, providing them with the necessary information to track the progress of the transaction.
“By extending the power of SWIFT GPI to its clients, Statrys ensures that global businesses can engage with the international market with the assurance that comes from precise financial control and the intelligence that supports proactive decision-making,” the company said in the release.
PYMNTS Intelligence has found that 75% of small businesses are dissatisfied with their current cross-border payment solutions. Digital transformation that enables reliable cross-border payments is a lifeline for growing small and medium-sized businesses (SMBs) seeking to scale their business internationally, according to “International B2B Payments: A Guide for Entrepreneurs and Digital Businesses,” a PYMNTS and Payoneer collaboration.