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Hi Sonya,

Our basic tier is actually free and includes 50 local payments (such as SEPA in Euro, Faster Payments in Pounds Sterling or ACH in US dollars). We would only charge for FX conversions or SWIFT payments, should you need them.

Naturally, we have other subscription tiers, which are designed to give you value-added features but clients that use them usually reap the benefits of cost savings vs bank charges plus time savings for finance teams.

Foreign currency finances can have more complexity and nuances, and there are many areas where using a specialist app can help way beyond what Xero delivers - easily understanding drivers behind FX Gains & Losses, for example.

Hi Alex,

Fair enough and your product sounds great, but I'm guessing it's also not free?
And it means adding another third party app into Xero and unfortunately we haven't had much success with third party apps and Xero so I'm a little soured on the ideas - apart from which if Xero is going to offer multi-currency processing, they really should apply all the features across the board.

Hi Sonya,

Thank you for your insights. We actually solve both recording payments automatically in Xero (individual payments linked to the correct invoices) and can send remittance emails to your suppliers with the list of the invoices covered.

I hope you don't mind me talking about our own product... Xero works with certified Apps in their marketplace, and HedgeFlows is one of them, working passionately to solve problems exactly like the one discussed in this forum. I hope someone here will find this useful.

Alex,

It's not making the physical payments that's the issue.
It's the recording them in Xero that's a problem. Having to record them one at a time in order to issue a remittance, not being able to pull a supplier statement of any kind or do a batch payment record just because it's a foreign currency.

Why does nobody from the Xero Community team respond to any of these comments? The failure to engage reflects badly on Xero.

Sarah/Victoria/Kathy,

Just connect HedgeFlows to Xero, and we make foreign invoices and payments as simple and easy as domestic ones.

We import foreign invoices from Xero and help you to do payment runs in several currencies at once, syncing them back to Xero. You will most likely save money compared to doing it with your bank too.

If foreign transfers are really a problem for you, you can do much worse than explore our solution and judge it for yourselves!

Couldn't agree more Victoria Banks, it is like having a bike with no handle bars! Useless

I agree. The lack of foreign bills functionality and inability to enter IBAN numbers/Swift/BIC in Xero means we are moving away from this database. Unfortunate because it has so many pluses but it cannot seem to fix this universal thing. What is the point in allowing foreign bills to be entered but you cannot pay them?

A lot of our suppliers are paid in Euro, we can have 10+ invoices per month for each supplier. Marking these as paid one at a time is very time consuming.

This is critical to our business

Hi Xero Team. We desperately need to pay batch payment to international suppliers. Currently we have to process each invoice to our suppliers separately adding in the exchange rate on each invoice. We need to click all the invoices included in the payment and process as one remittance the same as you can do for domestic payments within Australia.
Needing to pay each invoice separately on one remittance is very confusing for our suppliers when they only receive one amount in the bank and many remittances (sometimes 10-12 remittances for one payment) This is urgent for us because its time consuming and confusing for the supplier receiving the payment internationally.
Please Help.

Such a simple requirement of any accounting software. Coupled with an absence of an End of Year procedure and a simple Day Book this software leaves a lot to be desired and productive.

Andreas, you will not receive a response and I am doubtful that there will be any change. I joined Xero from Zoho in April 2022, had I known that batch payments could not be done in a foreign currency I would not have migrated over. I have had to employ another member of staff due to the drain on staff resources on this and other Xero matters.

I will be migrating back in November for two of my three businesses. There are many positives to Xero but without confidence of changes and good customer service it is just a risk to my businesses. I guess the only way to get a reaction to your issues will be via twitter/tic tok etc, this is a member only forum so unlikely to get any results here I am sorry to say. It is such a shame I really love most of the features of Xero but it is just not good enough, you can't even design your own remittance advice and get the addresses lined up on the invoices when you use the mandatory fields. Sorry for the morning rant Xero people, good luck!

Hi Xero Community Team,

Do you mind giving an update here? Been following this thread for a few months and am yet to hear any reaction, unless I missed something.

Does anyone know how we can escalate this to at least get some sort of response, albeit a negative one.

This is business critical to our and many businesses over 75% of supplier payments are international and not being able to batch pay them is costing money and staff resource

After only using Xero for 7 months, unfortunately I will be moving to another accounting platform for this main reason. It has added such a huge amount of wasted time to our department. None of the issues reported here ever seem to get worked on which is unacceptable for a global accounting service.

Customers have been waiting on this FOREVER. Why can this not be made possible asap?

Hi Dave,

If you are based in the UK please have a look at our certified Xero app as we streamline foreign payment runs and do much more to simplify foreign finances.

https://www.hedgeflows.com/foreign-currency-payment-runs

Kind regards

Alex

It would be great to be able to pay multiple invoices which are in a different currency in one payment, instead of having to enter multiple payments. My client has multi currency books in Xero. USD is not our primary currency.

It would be great to be able to pay multiple invoices which are in a different currency in one payment, instead of having to enter multiple payments. My client has multi currency books in Xero. USD is not our primary currency.