Andrii Svyrydov
Co-Founder & CEO at Corpsoft Solutions
โPayoneer gives us one platform for global transactions. We receive payments from clients, pay suppliers, and manage multi-currency transactions. It has streamlined operations and cut admin work. Plus, our team loves using it – it makes their jobs easier.”
Challenge
Traditional bank accounts require in-person visits, have regulatory hurdles, inflated admin, long approval processes, and make cross-border business difficult.
Solution
Payoneerโs accounts enabled Corpsoft Solutions to quickly settle their international payments, receive payments like a local, save on conversion fees on their transactions, and significantly reduce administration.ย
โBefore Payoneer, I had to log in to multiple platforms to check balances, which took hours every week. Now, I see everything in one place instantly.โ
Result
With Payoneer, financial admin was cut by 75%, payments now clear in one day instead of ten, and managing contractor and service provider payouts takes just one hour a month. The company also expanded into Europe and Australia while saving on costs with 1.8% transaction fees.
Financial processes reduced to one hour per month
Corpsoft Solutions chose Payoneer as its cross-border payment provider, as it stood out for its ability to receive payments like a local. Now, the team manages client payments, supplier payouts, and multi-currency transactions all from one dashboard. Financial admin time dropped from up to 60 hours a month to just 10โ15 (a time saving of ~75%), with some tasks now taking only an hour.ย
โItโs a game-changer. We track all transactions in one dashboard, making financial decisions and cash flow management much easierโ , says Andrii.
Bank transfers within one business day improve efficiency
Traditional bank transfers often took up to 10 business days. With Payoneer, payments are now processed usually within one business day, accelerating Corpsoft Solutionsโ cash flow.
The platform has also reduced Corpsoft Solutionsโ administration time as invoices are now sent to customers directly. Consequently, the companyโs HR team is now able to focus on more strategic activities.ย
Reliable payments build client and employee trust
Payments are now quicker and more reliable. Clients receive invoices immediately and pay quickly. When Corpsoft Solutions started using Payoneer eight years ago, 60% of its clients already had Payoneer accounts – now, nearly all do.ย
โCustomers like how easy it is to invoice us too. They just select our company in Payoneer, send the invoice, and I get a notification. There is no manual tracking, everything is automated.โ
Expanding into new markets
Previously held back by slow wire transfers and high fees, Corpsoft Solutions can now expand freely into Europe and Australia thanks to seamless payments. With Payoneerโs 1.8% transaction fees (far lower than the typical 3โ5%), the company has reinvested in its team and tech. Without Payoneer, growth and innovation would have been significantly delayed.ย
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