Case Study
About the project
An elite travel agency improved global payment management by integrating Corpay's Cross Border API with their Knack platform. This solution automated payments, cut costs, and enhanced security, leading to greater efficiency and better supplier relationships.
The Challenge
The travel agency faced significant hurdles in managing supplier payments. Their booking process, involving agents and consultants who create reservations associating various services from hotels and other suppliers, required a more efficient, secure, and cost-effective method to handle cross-border payments.
The existing system was cumbersome, leading to delays, increased costs, and complexity in managing international transactions, affecting their ability to offer competitive pricing and swift service to their clients.
The Solution Implemented
To address these challenges, Soluntech provided an innovative solution by integrating Corpay's Cross Border API with 360 PT's Knack platform. This integration enabled 360 PT to automate and streamline their payment processes for suppliers globally. Key features of the solution included:
Automated Payment Scheduling: Facilitated scheduling payments for now or in the future at a fixed price, safeguarding against currency fluctuations.
Enhanced Payment Security: Utilized Corpay's secure API to ensure safe and reliable transactions.
Global Currency Support: Enabled payments in multiple currencies, offering flexibility and efficiency in handling international suppliers.
Cost and Time Savings: Reduced transaction fees and shortened payment processing times, enhancing operational efficiency.
Results and Impact
The integration brought transformative benefits to our customer:
Operational Efficiency: Streamlined payment processes significantly reduced administrative burden and processing times 45%.
Cost Savings: Minimized transaction fees and mitigated currency risk led to substantial cost reductions of 33%.
Enhanced Supplier Relationships: Faster and more reliable payments improved relationships with global suppliers.
Competitive Advantage: Increased efficiency and cost savings enabled 360 PT to offer more competitive prices and services.
Service Description
The project was led by an experienced team:
Backend Developer specializing in Knack.
Product Owner outlining project goals and requirements.
QA specialist ensuring top-notch quality. Together,
Together they crafted a solution that streamlined payment operations on the Knack platform.
Client Testimonials
“MediScribe has changed the way I interact with my patients. I can now focus on patient care rather than paperwork,”
shared Dr. Emily Stone, a participating physician in the MediScribe pilot program.
Addressing Industry Challenges
The solution tackled inefficiencies in managing global payments, addressing issues like high transaction costs, security concerns, and complex cross-border processes.
Industry: Travel
Let’s Talk
Are you looking to streamline your payment processes and enhance operational efficiency? Discover how Soluntech's integration solutions can transform your business. Reach out to us today to schedule a demo and learn more about our tailored software solutions.