Singapore-based Fikäfi helps hotels automate payments, claiming to recover up to 70% of lost direct bookings. Live in 10+ countries, soon embedded in 6,000+ hotels via partnerships. Its technology includes automatic OTA virtual card charging and real-time payment failure alerts. A 15-property Saudi group saw a 58% lift in direct revenue in two weeks.
A SAP Concur blog post contributed by TransferMate Global Payments presents its PaymentsHub app. Chicago-based property and casualty insurer HDI Global had its accounts payable team manually entering wire transfer and ACH requests, with little payment transparency and frequent delays. After adopting PaymentsHub integrated with SAP Invoice, HDI improved payment processing time by one week within a month and saved money through lower processing costs. The post says a company making 200 international payments per month could save an average of seven minutes of administration per transaction, or 40 admin days per year, and at $60 per transaction in global bank wire fees, annual savings could re…