Financial services provider Corpay debuts Corpay Complete, aiming to streamline operations as disjointed financial systems erode productivity and budgets
In the ever-evolving world of finance, Corpay, a globally recognised innovative company, has made a significant stride by launching Corpay Complete in the UK. This unified finance platform is designed to simplify and automate various financial processes, bringing a fresh approach to the way UK finance teams operate.
Corpay Complete integrates key financial functions such as accounts payable, expenses, domestic and international payments, and foreign exchange (FX) into a single platform. This integration aims to reduce complexity, automate financial workflows, and provide real-time control over costs.
The platform's automation and digitization features automate the entire finance lifecycle, from supplier onboarding and purchase order creation to invoice capture, receipt matching, expense management, and payment approvals. This automation reduces manual errors and fraud risks by leveraging integrated card programs and virtual cards.
The unified platform simplifies finance management, making it easier for finance teams to handle their operations through a single interface. It also enables international payments in over 145 currencies across more than 200 countries, leveraging Corpay's existing foreign exchange infrastructure.
One of the standout features of Corpay Complete is the customizable approval flows. This flexibility allows businesses to adapt the platform to their specific needs and workflows.
The launch of Corpay Complete in the UK comes at a crucial time, as UK finance leaders are under pressure to do more with less. With 63% of CFOs ranking cost control as their highest business priority, the platform's efficiency and cost-saving benefits are particularly relevant.
Moreover, only 36% of UK CFOs have real-time visibility over their cash flow, while one in three UK businesses has fallen victim to invoice fraud. Corpay Complete addresses these issues by providing real-time visibility over cash flow, helping businesses manage their resources more effectively.
Alan King, Group President at Corpay, announced the launch, stating that Corpay Complete is built specifically for today's finance leaders. He emphasized that the platform is designed to provide greater control and real-time visibility to financial controllers, unifying accounts payable, FX, and expenses.
Corpay brings entrepreneurial energy, proven scale, and deep industry expertise to the global payments space. As one of the largest FX providers in the UK, Corpay Cross Border Solutions trades more than $320 billion in foreign exchange each year, offering businesses competitive rates and a trusted global payment infrastructure.
With Corpay Complete, finance leaders in the UK now have a single platform for real-time tracking, approval, and management of payments, including via the Corpay mobile app. This development marks a major step towards simplifying finance operations and payments execution for companies.
- Leveraging technology, Corpay Complete simplifies cross-border payments for businesses by integrating key financial functions, such as foreign exchange, into a unified platform, enabling international payments in over 145 currencies across more than 200 countries.
- The automation and digitization features of Corpay Complete, employed in managing accounts payable, expenses, and payment approvals, reduce manual errors and fraud risks, providing finance leaders with real-time control over costs and visibility over their cash flow.
