Payment Solutions for NGO
For NGOs, getting vital funds to intended destinations in the most cost effective and secure way is paramount. Like any international business, navigating the volatile foreign exchange markets effectively and streamlining the payment process to maximise efficiency and reduce cost is an issue for NGO financial managers. FEXCO Corporate Payments has been at the forefront in the provision of cost effective payments solutions for the NGO sector for over 30 years. Unlike many high street banks, our solutions are tailored to fit the exact payment requirements of small national charities and large global NGOs.
Payment challenges for the NGO sector
Accounts payable departments at NGOs know that not just cost but the timing and seamless delivery of funds is critical. Some of the features of an inefficient outgoing payments process can be:
- Procuring currency from a bank with little knowledge of NGO operations.
- Poor FX rates and high bank fees leading to higher costs.
- Inadequate currency risk management for emerging market currencies.
- Inefficient fund distribution methods affecting timely allocation of funds.
- Poor visibility into payment reporting which impacts budgeting and cost analysis.
FEXCO Corporate Payments work with NGO’s to mitigate inefficiencies and inflated cost in the payments process which affect the timing and delivery of much needed funds. Our payment specialists are always at hand when you need us to solve complex payment issues. Our online platform also makes it easier for you to lock in rates and execute payments in your own time.
- Swift, secure and cost effective delivery of funds globally in over 150 currencies, including exotics.
- Lower your costs on foreign exchange with bank beating rates and fees.
- Get a currency risk strategy tailored to your specific requirements.
- Avail of a customised and integrated solution with your internal accounts packages to streamline payments.
- Clear and accessible payment reports reducing reconciliation workloads and making financial forecasting easier
An Irish Aid Agency with Global Reach
The Finance Division of Concern Worldwide has partnered with FEXCO, Ireland’s leading independent provider of financial services to get the best value for its foreign currency payments and an integrated solution for its general payment processes. Cutting costs on payment procedures has been the key driver in the group’s decision to partner with FEXCO but having access to a dedicated payments team who can deliver a quality service was equally important in the decision making process.Find out more
What our clients say
FEXCO works with our Finance team to to ensure our exposure to exchange rate fluctuation is minimal and any payment queries we have are addressed promptly by an efficient customer support team
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