Case Study: Basis Technologies streamlines cross-border and domestic payments with Flywire

eeing cross-border payment success, Basis Technologies looks to Flywire for domestic, B2B credit card payments

Basis Technologies, a Chicago-based enterprise software company, needed to remove payment friction that was slowing international growth and creating manual work for its finance team. Its customers wanted to pay invoices online in local currencies and preferred payment methods, while domestic credit card payments were also handled manually through a bank portal and not connected to NetSuite.

Flywire helped Basis Technologies digitize cross-border B2B payments and domestic credit card collections through a NetSuite integration. With Flywire, Basis can accept payments in local currencies, automate foreign exchange, apply payments directly to open invoices, and handle bulk payments more efficiently; the result has been reduced DSO, 10 hours saved weekly on credit card processing, 4 hours saved weekly on bulk payment work, and a more than doubling of domestic digital payment volume within months.

Basis Technologies

Maria Mutter

VP, Controller