Why do agencies need multi currency invoicing tools
Agencies often work with global clients and subcontractors across different currencies. Without the right tools, this creates confusion, delays, and extra costs.
What are the challenges of multi currency invoicing
- Tracking invoices in multiple currencies
- Handling fluctuating exchange rates
- Paying subcontractors in their local currencies
- Consolidating client invoices across projects
What tools do agencies currently use for multi currency invoicing
- QuickBooks and Xero: great for accounting, but not built for multi party invoicing
- Wise: good for payments, not invoicing
- PayPal: widely available, but expensive and clunky
- Spreadsheets: still used, but error-prone
How does Rafiki OS solve multi currency invoicing
- Smart logic to split and merge invoices
- One client invoice across multiple subcontractors
- Multi currency routing with instant payments
- Built in compliance for international collaborators
FAQs
What is multi currency invoicing
- It is the ability to create, send, and manage invoices in different currencies for global teams.
Why do agencies need multi currency invoicing tools
- To simplify client billing and subcontractor payouts across borders.
Can Rafiki OS handle payments in different currencies automatically
- Yes, Rafiki routes payments in USD, GBP, EUR, ZAR, ARS, BRL, CLP, COP, Cryptos and more.
