OFX Implementation

OFX is the leading provider of foreign currency transaction services in Australia for a number of reasons. They have a slick interface and they also integrate with Xero which enables you to see and pay outstanding foreign currency invoices which are recorded in Xero when you are transacting through the OFX portal.

What’s even more exciting is we’ve partnered with OFX, which give us superior foreign currency rates we can pass onto our clients and no OFX fees on transfer. On a typical transaction, you can expect to save around 3 percent compared to fees incurred when using your Bank. On a $10,000 transaction that’s $300. If you regularly pay by foreign currency the cost saving over a year can be huge.

If your clients pay their invoices in foreign currency OFX also have solutions around receiving foreign currency, either converting to Australian dollars at superior rates or holding cash in foreign currency which you can use to pay suppliers later down to track.

We can help you set up a foreign currency system that’s easy to use and will potentially save you thousands of dollars.