In 2024, we set out to deliver new ways to save mid-market global finance teams around the world more time and money. After 12 months and hundreds of feature updates, bug fixes, and product improvements, we’re excited to reflect on how we’ve made financial operations more powerful and seamless for Accounts Payable, Accounts Receivable, and Treasury management teams.

To count down to the new year, we asked our designers, engineers, and sales teams to share their favorite features and the impact they’ve seen.

Here’s what they had to say:

5. Bulk Payments: Processing a month of global invoices in minutes

Having been an AP admin before joining Finofo's sales team, I lived through the chaos of payment processing firsthand. Every Friday was the same nightmare – three cups of coffee, countless browser tabs, and hours of manual work just to get supplier payments out the door.

Shaune Leung, Account Executive

With Bulk payments on Finofo, you can:

• Select multiple approved global bills ready for payment.
• Easily pay multiple suppliers in different currencies simultaneously: no payment templates or manual data entry.
• Complete your entire weekly AP run in less than 10 minutes.

Shaune adds, "Last week, I showed our bulk payments feature to an AP team still stuck in that weekly payment chaos. When they saw how hundreds of global bills could be processed in just a few clicks, their jaws dropped. They couldn't believe what used to take hours could now be done in minutes. That's when it hit me – we're not just saving time, we're giving AP teams their Fridays back."

Effortlessly handle your global and domestic bills across suppliers while reducing redundant manual work for your AP teams. Time saved is money saved too.

4. Accounts reconciliation with 100% accuracy

"We spent a lot of time building integrations with leading ERPs across mid-market companies in North America. Now, our users can push transactions – whether card payments, supplier payments, or anything on Finofo – directly to their ERP, ready for reconciliation.

Wilton Leonardo - Senior Backend Engineer

We now integrate with Microsoft Dynamics 365, Xero, Netsuite, QBO, and Sage in just a few clicks. This powerful no-code integration enables our customers to seamlessly sync beneficiaries, vendors, and bills into Finofo's platform, eliminating manual entry and saving valuable time.

3. Real-time money movement across North America

Companies across North America lost money to wire fees and poor exchange rates transferring their own funds between entities. Their own funds! So we wanted to help companies manage treasury operations more efficiently. Real-time fund transfers across North America in any currency was a huge breakthrough for companies to manage their inter-company transfers and treasury operations better.

Karthi, GTM Associate 

With Finofo's real-time payments, you can:

• Send supplier payments instantly.
• Receive customer payments in real time.
• Initiate inter-company transfers.

All this, across Canada and the US, in any currency, without additional fees. Real-time money movement has never been this fast, efficient, or impactful. It's a game-changer for companies looking to optimize cash flow and make faster decisions.

2. Multi-Organizational magic: One login, one platform to manage them all

For finance teams managing global operations for multiple companies or entities under one parent organization, the process of managing AP runs was challenging. Teams had to constantly juggle and log in and out of different banking platforms. We fixed this by introducing a unified platform with a multi-org switcher.

Jeffery Grajkowski, Engineering Tech Lead

With Finofo's Multi-Organization management, you can:

• Use a single login to manage multiple entities
• Seamlessly switch between accounts of different companies
• Assign tailored roles to users at a per-company level
• Centralize AP, AR, and treasury operations across entities

Think of it as your personal tool to effortlessly manage financial operations for all of your entities. Simplify complexity and keep all of your operations aligned under one unified platform.

1. Dynamic CSV imports for bills and beneficiaries 

This feature took time to plan, develop, and build, and none of our competitors in the mid-market space offer anything like it. The dynamic ability to streamline the importing of data from ERPs has saved hours for AP teams.

‍Nick Batist - Product UI//UX designer

With dynamic CSV imports, you can:

• Import beneficiaries and bills from your accounting software directly into Finofo using a simple CSV file
• Edit and match columns with a preview of sample data to ensure seamless uploads
• Pay them effortlessly with the bulk payment feature

Whether your data is clean or messy, Finofo captures it all with precision, reducing manual efforts and saving valuable time for AP teams. 

Looking ahead: Powerful, simple finance enablement on the horizon

We've made significant strides in simplifying global financial operations for mid-market businesses across  North America. 

We're excited to go even further in 2025 and continue delivering features that transform the way businesses handle global finances. Here's to another year of innovation and impact! 

Ready to give your finance team their time back? See how Finofo can transform your global finance operations. Book a demo today!

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