Advanced Business Solutions: Advanced Business Solutions partners with Travelex Global Business Payments

Advanced Business Solutions (ABS) today announces its partnership with the leading cross-border payments specialist, Travelex Global Business Payments. This alliance involves the integration of Travelex’s GlobalPay solution into ABS’ financial management systems, offering ABS customers a fast, efficient and cost-effective solution for making and receiving payments. 

Integration of Travelex GlobalPay with ABS’ financial management systems reduces manual data entry and allows customers to automate their payments process, saving both time and money. Customers can benefit from improved control and visibility of payments by using their existing accounting system to drive the entire payments process.

Travelex GlobalPay reduces costs by enabling straight through processing of payment files. Multiple payments can be uploaded and sent at the same time and once the payments are complete, the updated files are downloaded into the ABS finance system, ensuring the payment information is accurate and instantly available.

Through GlobalPay, ABS customers also have access to Travelex’s GEO Global Clearing Network, which provides access to local domestic clearing in 70 countries. International payments are automatically routed through the most appropriate form of clearing, ensuring faster and more efficient payments. 

Dean Dickinson, Managing Director (Public Sector & Enterprise) of Advanced Business Solutions, says, “The many issues associated with processing foreign currency payments through the bank, including the need for regular manual intervention, high error rates and lack of payment tracking, are eliminated using Travelex, resulting in improved payment processing efficiency and foreign currency traceability.”

Neil Graham, UK Managing Director at Travelex Global Business Payments, says, “ABS customers can leverage Travelex’s latest payments technology to ensure a faster and more efficient payments process. Not only can they receive exceptional service, they can also save valuable time and money using GlobalPay technology.” 

Longtime customer of Travelex GlobalPay, Anthony Blunt, Finance Director at law firm Page White and Farrer, comments, “GlobalPay allows easy and secure management. The benefits of using Travelex in terms of cost and time savings are significant – we would happily recommend them.” 

Notes to Editor

About Advanced Business Solutions www.advancedcomputersoftware.com/abs 
Advanced Business Solutions (ABS) provides leading integrated business applications and services that enable public, private and third sector organisations to retain control, improve visibility and gain efficiencies whilst continually improving corporate performance. ABS prides itself on getting close to its customers by understanding their businesses and responding to their evolving needs.

ABS's software systems comprise core accounting/financial management, procurement, human resource and payroll systems, integrated with a range of collaborative, document management and business intelligence solutions to extend the value and effectiveness of the finance, human resource and payroll departments, which can also be delivered as a managed or bureau service option. 

Customers come from both public and private sectors and include Companies House, Newcastle City Council, WH Smith, Royal Bank of Scotland, Aer Lingus, National Express Group, DFS, RSPB and Great Ormond Street Hospital for Children NHS Trust. 

Advanced Business Solutions is a division of Advanced Computer Software Group plc, a leading supplier of software and IT services to the health, care and business services sectors. 

Contacts:
Ben Carey and Tim Palmer, Advanced Computer Software Group
pr@advancedcomputersoftware.com 
+44(0)1625 856505

About Travelex

Travelex Global Business Payments is a global foreign exchange specialist providing the payment and receipt of domestic and international funds for businesses of all sizes. For more than 30 years, Travelex Global Business Payments has provided clients with sophisticated market knowledge, leading edge technologies and practical and innovative solutions tailored to individual requirements. Every year, Travelex Global Business Payments processes payments around the world over 35,000 businesses to 1 million beneficiaries. Travelex Global Business Payments Limited is authorised by the Financial Services Authority under the Payment Services Regulations 2009 (Ref no: 536611) for the provision of payment services and is also a registered MSB with HM Revenue & Customs (Reg no: 12122416).