Case Study: IFX Payments achieves scalable multi-entity, multi-currency accounting with AccountsIQ

IFX Payments use AccountsIQ to manage complex multi-entity, multi-currency accounting and support their growth needs

IFX Payments, a global cross-border payments provider, needed a cloud-based finance system to replace Sage 50 and support a finance team spread across multiple locations. With four entities operating in three base currencies, the company was struggling with complex multi-entity, multi-currency accounting, limited visibility, and the need for stronger approval and PO workflows as it grew rapidly.

AccountsIQ provided the cloud accounting platform IFX Payments needed, enabling flexible multi-entity and multi-currency management, drill-down reporting to transaction and invoice level, and multi-dimensional analysis for different stakeholders. With AccountsIQ, IFX Payments handled 110% year-on-year growth without expanding the finance team significantly, improved control and compliance reporting, and gained a scalable platform that integrates with tools like AutoEntry.

IFX Payments

Steve Allen

Finance Director