Reclaiming control, reducing cost: How CFOs are reinventing cross-border payments with automation
In the increasingly complex global business environment, CFOs are confronting significant challenges in managing cross-border payments, where traditional manual processes are proving inefficient, costly, and prone to errors. The webinar “Reclaiming Control, Reducing Cost: How CFOs are Reinventing Cross-Border Payments with Automation” addresses these critical financial management challenges by exploring innovative technological solutions that promise to transform international payment strategies.
The session, featuring Dan Wells (Founder and CEO of GrowCFO), David Earl (Business Development Manager at Corpay), Imran Shaz (VP of Enterprise & Payment Solutions for EMEA at Corpay), and Darryl Rozelaar (Senior Enterprise Relationship Manager and Dealer at Corpay), provides a comprehensive examination of the current landscape of cross-border payments. By presenting real-world case studies, demonstrating advanced automation technologies, and discussing the tangible benefits of digital transformation, the webinar offers finance leaders strategic insights into streamlining their international payment processes, reducing operational risks, and achieving greater financial control.
Main Highlights:
- Approximately 1-3% of international wire transfers encounter processing issues, representing approximately 1.5 trillion in problematic payments annually
- Only 5% of UK businesses have fully automated their accounts payable processes, indicating substantial potential for technological improvement
- Manual payment processes introduce significant risks, including potential human errors, compliance challenges, and inefficient transaction management
- Advanced automation technologies enable real-time payment tracking, API integrations, and immediate foreign exchange rate locking
- Specialized payment platforms offer enhanced multi-currency capabilities, comprehensive regulatory compliance support, and advanced security measures
- Automation solutions can dramatically reduce operational time, minimize transaction errors, and provide greater transparency in cross-border financial transactions
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