Simplify your international vendor payments by using Xe.Request Free Demo
Real-time reconciliation of transactions for more accurate reporting
Quick registration process and configuration setup within 24 hours, with dedicated customer support
Recipient bank validation to avoid payment errors
Capture real-time exchange rates at time of transaction straight into your accounting platform
If your business is making international payments then you may find the process manual, time consuming and costly.
The Xe application gives your business access to global payment capabilities to 130+ countries at competitive exchange rates directly from the Microsoft Dynamics 365 platform.
– MATT JONES, PRESIDENT, FIAGON NORTH AMERICA
Access competitive exchange rates for your international payments
13,000 businesses in 100+ industry sectors worldwide trust Xe each year
Make international transactions online in just a few minutes
Create a journal with the vendor payments that need to be made. The journal can include all the vendor payments due for that pay run, whether domestic or international payments.
Once the vendor payments have been included to the journal, select to make the payments with Xe. This will generate live rates of exchange and provide a total settlement amount in the base currency for this payment journal.
Confirm the rates of exchange and total settlement amount. The approval stage locks in the exchange rates and provides the total amount in the base currency due to settle the transactions.
Automatically post the exchange rate for each vendor payment directly back to the accounting platform.
Automatically reconcile the foreign currency transaction by posting the exchange rate and money movement to the general ledger. This completes the transaction and payment run.
XE Money Transfer is a service provided by HiFX Canada Inc. dba Xe, a money services business (MSB) registered with The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the Canadian financial intelligence unit having regulatory oversight over Xe. Our FINTRAC registration number is M16372531. HiFX Canada Inc. dba Xe is a federally registered incorporated entity, corporation number 950254-8, with our registered office at 56 Temperance Street, Level 8, Toronto, ON M5H 3V5.