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  1. Multicurrency- Batch payments of Foreign Currency Bills.

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    229 comments  ·  Purchase orders, bills & inventory » Paying bills  ·  Admin →
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    In development  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi everyone, thanks for continuing to share feedback about paying multiple bills in foreign currencies with us here.

    As mentioned in my last update UK organisations can use our online bill payments solution with Crezco to pay international suppliers.

    UK businesses can now use open banking to pay suppliers in 180+ countries, including in EUR, USD and AUD, either individually or in batches. Payments can be prepared by a team member, authorised and tracked in Xero.

    To share further progress in the US we've launched online bill payments through Melio, which includes ACH and international or cross-border payments.

    We've also launched a bill payments solution for AU with AirWallex that's currently in early access. This doesn't yet support paying in foreign currency however this functionality is high on our radar as we continue to develop this experience.

    We’ll continue to share progress as the further regional capabilities develop. Thanks

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    Mike Tebbutt commented  · 

    We are a UK business where our 2 main suppliers are in the USA. We receive 10s of bills from each per month. They both expect a remittance advice when we make a payment. We typically pay 20-30 invoices each payment run. Currently we have to create a payment for each individual bill. The supplier certainly doesn't want 20 individual remittance advices!

    There doesn't need to be a clever export file for then bank for the foreign payment. Just the ability to select a group of foreign bills to pay as a batch, and then send one remittance advice covering all the bills included in that payment.