Paid 1,200 vendors in 18 currencies from one place
Orbit moved global vendor payments onto Avvyren Bill Pay and cut FX costs.
Company
Orbit Commerce
Industry
E-commerce
Company size
210 people
Region
Asia Pacific
Products used
Bill Pay, Multi-entity
1,200
vendors paid
18
currencies
31%
lower FX fees
The challenge
Orbit paid suppliers in 18 countries using three banks and manual wire forms.
“Paying suppliers in 18 currencies used to take three tools and a lot of hope. Now it is one approval.”
Mei Lin
Head of Finance, Orbit Commerce
The solution
Bill Pay captured invoices by email, routed approvals and paid in local currency from one balance.
The results
FX fees fell by 31%, and month-end payment runs take an afternoon.
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