Hedgewiz

Hedgewiz is a platform offered by the vendor, Hedgewiz, that aims to facilitate efficient and secure cross-border payments for businesses. According to the vendor, the platform allows businesses of all sizes to pay and collect funds globally, while also providing solutions for managing currency volatility. The target audience for Hedgewiz includes CFOs, Financial Directors, Treasurers, and Corporate finance teams in various industries such as Industrial machinery, Retail & Apparel, Transportation, Precision Instruments, and Technology sectors.

Worldwide Local Accounts: According to the vendor, Hedgewiz enables businesses to have multiple worldwide accounts, which can help them avoid costly intermediate fees when paying and receiving funds locally.

Make All Payments Directly from Your ERP: The vendor claims that Hedgewiz allows businesses to initiate international wires directly from their Enterprise Resource Planning (ERP) system, streamlining the payment process and reducing manual effort.

Payments Intelligence: Hedgewiz incorporates smart learning software that, according to the vendor, can detect anomalies in payments and provide advance alerts to prevent fraudulent transactions and ensure payment accuracy.

One Click Multiple Payments: The platform offers a mass payment feature that, according to the vendor, allows businesses to conveniently pay multiple suppliers in one click, saving time and effort.

Named IBANs: Hedgewiz provides named International Bank Account Numbers (IBANs), which, according to the vendor, simplifies the receipt of local bank transfers without incurring intermediate banking fees.

Local Bank Transfers (no intermediate banking fees): According to the vendor, Hedgewiz supports local bank transfers, enabling businesses to send and receive funds without incurring expensive intermediate banking fees.

ERP Integration: The platform seamlessly integrates with various Enterprise Resource Planning (ERP) systems, allowing businesses to manage their international payments directly within their existing ERP workflows, as claimed by the vendor.

Opening Bank Accounts for New Markets: Hedgewiz assists businesses in opening bank accounts in new markets, facilitating their expansion into different regions, according to the vendor.

Instant Intergroup Payments are Free: According to the vendor, businesses can make instant intergroup payments within Hedgewiz for free, enabling seamless and quick transfers between different entities.

One Unified Platform for All Your Accounts: Hedgewiz provides a single platform that, according to the vendor, allows businesses to manage all their accounts and have a consolidated view of their global financial operations.