What does Billtrader offer?
A FinTech solution that makes it easier and cheaper for IP firms to pay and be paid by their foreign agents. Working with foreign agents is a key part of the intellectual property lifecycle, but making and receiving payments in many different currencies can be time-consuming and expensive. With bank accounts globally, the software makes payments from a local bank account, avoiding international wire transfer fees, meaning IP firms are only concerned with their local currency. The data capture and automation tools eliminate the process of managing and reconciling invoices to and from multiple countries.
Key benefits of our Billtrader integration
Helps our mutual subscribers to streamline their international accounts payable processes by:
- Automating foreign invoice capture
- Handling international payments more easily
- Aligning financial processes with the advanced automated functions in Equinox
How the Billtrader integration works with Equinox
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You upload your foreign bills to Billtrader, the software captures relevant invoice and reference data and pushes it into Equinox. No more manual data entry for you!
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When your foreign bills are due for settlement, Billtrader makes a single local currency payment into a local bank account. It distributes the funds to the foreign agents and sends them as remittance advice.
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Your foreign bills are marked as paid in Equinox, matching important reference data, including matter numbers, to streamline reconciliation.
Looking to explore the Equinox product suite in more detail? Head to our IP Management Software page to find the right Equinox product for you.
