Cambridge Global Payments (“Cambridge”), a FLEETCOR company (NYSE: FLT) and a provider of integrated cross-border payments and currency risk management solutions, and AMI Strategies (“AMI”), one of the industry leaders in enterprise expense and mobility management, are pleased to announce they have partnered to provide AMI’s customers with access to best-in-class international bill pay capabilities.
This partnership will provide AMI Strategies the ability to deliver international bill pay capabilities to their eligible clients. Through Cambridge, AMI will be able to pull the latest conversion rate, provide this rate in U.S. dollars (USD) to their clients, and then clients will be able to confirm a spot trade rate or lock in the currency exchange rate for 45-60 days with a forward contract. This feature helps ensure that AMI clients have certainty over currency exchange rates and provides clarity into their spend.
“We are excited to partner with AMI Strategies and add Cambridge’s international payout capabilities to their temNOW™ global expense and order management system,” said John Allen, SVP, Corporate Sales, USA, Cambridge Global Payments. “This partnership will give AMI’s diverse customer base the ability to pay expenses in 145+ currencies*, with delivery capabilities to 200+ countries, all from the temNOW™ platform.”
“By partnering with Cambridge, we will help our clients gain control over their international billing and enhanced insights into their international spend,” said Dean Keeler, CTO of AMI Strategies. “This technology is a differentiator for our clients and partners, who work around the world and depend on accurate, one-time, and validated payment solutions.”