Paying contractors in different currencies usually means multiple systems, manual FX handling, and scattered bank files. It doesn't have to.
Group by currency, export once
With the right setup, you can:
- Store each contractor's preferred currency and banking details in one system
- Create payment runs that group invoices by currency automatically
- Generate the right bank format per currency (e.g. SEPA XML for EUR, FASTER for GBP, ACH for USD)
You get one place to review totals and export files, then submit each file to the right bank.
Rates and compliance
Use built-in or configurable exchange rates for reporting, and keep audit logs for who approved what and when. That way multi-currency payouts stay simple for you and transparent for contractors.