A bonus accountancy feature from our simple platform
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…