A bonus accountancy feature from our simple platform

By on October 11th, 2016 in Editorial

Perhaps you mistakenly think that all freemarket is good for is allowing you to make considerable savings of up to 75% on your FX fees. But you would be wrong. We do marginally more than that.

Customers have found that our straightforward online platform actually serves a nifty secondary purpose, enabling them to consolidate records of their inbound and outbound payments into a single page that can be monitored with ease.

Keeping track of invoices and payments is an eye-wateringly complex chore at the best of times, made even worse when dealing with a variety of currencies and multiple bank accounts. Business owners, CFOs and accountants will often find themselves having to establish the state of their finances by cross-referencing several of company bank accounts.

Cross-reference no longer! By signing up with freemarket, you can make and receive all of your payments through our platform. The ‘Completed’ tab on ‘Your Exchanges’ page keeps a record of past transactions, compiled into a handy, simple-to-read table that effectively functions as an alternative bank statement; all of your payments – regardless of which account they were sent to or from – are kept together in one place.


And you can click on the ‘Instruction’ number or ‘View Details’ for a more detailed breakdown of transactions:


In a recent blog post we examined how – besides the obvious cost savings – the major benefits of transacting with freemarket are the time it saves and how easy it is to use. Now, this modest feature – free to all freemarket customers – promises to do the same.

It’s almost as if we’re trying to make a habit out of taking traditionally complicated and unpleasant financial tasks and making them extremely simple. Watch this space for further time-saving developments coming to our platform…

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James is freemarket’s Chief Commercial Officer. He has a history of finding new ways to solve age-old financial challenges and was responsible for launching some of the first online money transfer and prepaid card initiatives in Europe.

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