How to Use Swift Transfers to Save Your Business Money
When it comes to running a business, one of the most important aspects of day to day operations is figuring out how to save the most money and make work run as efficiently as possible. Money transfers, banking, and dealing with the money that comes in and out of a business are some of the biggest drains on resources that you may not even notice.
Thankfully, there is a way that you can save money and have better overall money management. SWIFT transfer technology is the solution you didn’t even know you needed.
What are SWIFT Transfers?
Transferring money can take both time and resources that you may not have to spare.
SWIFT payments software helps you to quickly, safely, and efficiently transfer money among your own business accounts and the accounts of those that you are working with. SWIFT transfers utilize software that allows you to transfer funds to hundreds of banks across the globe on one simple platform.
This means that you can deal with banks in other countries without having to deal with finding the proper platform each time to do it on.
How Can SWIFT Save You Money?
One of the easiest ways that SWIFT can save money is by saving you time. They do have very low fees for transfers, but more than that, they save the time and effort that you have been expending up until now.
SWIFT works to streamline communications and to streamline the transfer process so that you can get your money and send money faster and more effectively.
SWIFT features straight-through processing, so you can be sure your transaction goes through when you want it.
Also, you are given the benefit of standardized financial messaging that allows you to use one format to communicate among all the banks that you work with. The financial process is also automated for added ease and transparency, so you can be sure your transactions are going through as intended.
The 3S key is used to access multiple banking partners across the same channel and is specific to you. The SWIFT program is also very reliable and takes liability for each and every message once it has been accepted.
The system also has a 99.999% network availability so you can access it whenever you need to without issue. SWIFT also meets all current compliance regulations for both domestic and international regulation, meaning you do not have to worry about your transactions as they are all going to be above board.
Why Switch to SWIFT
For those that are currently struggling to meet all the requirements of their current banking system and are struggling to find platforms that allow them to communicate with all the banks they deal with, SWIFT is an easy choice.
They offer a one-stop communication platform where you can access what you need when you need it, without your having to try to track down the proper platform on your own.
One of the biggest drains for companies regarding banking transaction is the sheer amount of time that is devoted to them.
Though you might think that twenty minutes here or an hour there is not all that much, this time and effort do add up and it does mean money is being lost. SWIFT allows for speedy, efficient, and reliable transactions that are fully backed and that are safe.
You can eliminate the time that it takes to make transfers by switching to SWIFT. The program is well tested, backed, and the company takes full liability for messages once they are accepted, which means you have an added peace of mind.
SWIFT offers an extensive range of questions and concerns that you can go through and you can talk to an expert as well. For those that need a better solution, take the time to consider SWIFT and learn how this technology can save you time, money and resources, all while ensuring better communication and better transfers all around.