FX & payment solutions for education
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Here's what our clients say...
“Any issues with international payments are quickly dealt with by Fexco who put a trace on the payment and pursue a resolution in the shortest possible time frame. They work closely with our own payables team and are flexible when it comes to identifying the best way to make an international payment.”
“The Fexco system has a validation tool that tells our staff if there is a problem with payment details. This means that we can spot incorrect bank details before it gets sent out. Also, if we need to make a payment that’s a bit tricky (for instance, a payment to a bank that doesn’t have a SWIFT number) we know that the customer services team in Fexco can get it done. Fexco is an important partner for us at DCU as we develop a more global reach.”
Reasons why your institution will benefit from fexco's solution
Seamless ERP integration
Benefit from direct integration to several ERP/accounting systems such as Agresso and Oracle. Our single file solution automates the payments process which removes the friction when paying overseas suppliers and reconciling payments.
Straight through processing rates of 99%
Automatically upload a payment file (containing multiple payment types, currencies and destinations) directly from your ERP system to the FCP Payment Platform (PayDirect) and achieve STP rates of 99%. The industry standard is approx 94%.
Eliminate payment errors & manage risk
Eliminate costly payment errors with Fexco's bank validation tool and capture incorrect data before payments are sent. Internal controls are safeguarded as access to information is segregated by role and system administrators determine what users can see and do.
Faster payment reconciliation
Our automated solution consolidates your data on payment methods and currencies into a single file and syncs the data with your ERP system. Download reports for more accurate, faster payment reconciliation and general ledger reporting.
A university with global reach
In the past DCU has faced challenges when transferring funds internationally. The university’s payments need to be delivered in a local currency at a competitive rate. The DCU Finance Office has to take into account traceability and on-time delivery when making international payments. Fexco delivers a payments solution that meets all of these requirements.Learn more
An Irish university with an International ambition
The university’s impressive international connections and increasing global reach, generate a significant demand (both in terms of volume and value), for foreign currency payments. Examples include payments for imported goods and services, payments to visiting tutors, deposit refunds to returning overseas students, and procurement spending on everything from spectrometers to stationery. In these regards, NUIG’s Finance Division makes extensive use of the forex payments module developed by Fexco in partnership with Agresso – the renowned financial accounting software.Learn more
Benefit from secure, reliable payments technology, supported by real people
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Safe, secure & compliant
As a regulated financial institution Fexco Corporate Payments uses robust client asset procedures to keep your funds protected.
In October 2016, Fexco Corporate Payments became the first Irish payments provider to achieve the esteemed ISO 27001 Certification.