Quency Woni

Caxton Payments

Currency Transfer, Payment Solution, Payroll Consultant

Aldgate

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Bedfordshire And Hertfordshire
Belfast
Berkshire
Birmingham
Cambridgeshire
Cardiff And Vale Of Glamorgan
Cheshire
Chester
Dubai
Dublin
East Midlands Of England
Edinburgh
Essex
Europe
Flintshire And Wrexham
Glasgow
Greater Manchester
Ireland
Lancashire
Leeds
Leicestershire, Rutland And Northamptonshire
Liverpool
London
Manchester
Merseyside
Milton Keynes
New York
Oxfordshire
South East England
South West England
United Kingdom
United States
Warrington
West Midlands
West Midlands Of England
Yorkshire And The Humber

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The University of Essex has a duty of care to ensure its staff and students are safe and well prepared when undertaking University related trips and activities, and the associated spend for these international trips. Travel and accommodation is booked via the University designated travel providers, however travelling overseas often incurs additional sundry expenditure which in the past would have been facilitated by a currency cash advance. This proved difficult to manage and quite stressful for the staff member assigned the advance and was time consuming when filling in the expense forms at the end of the trip with their receipts, together with converting the currency underspend. Depending on the location of the trip there can be expenses that can’t be prepaid. Meals out, excursion entry, local transport, and other spending. It’s unreasonable and inconvenient to expect staff and students to carry cash and to fully reconcile their cash advance using a manual process. The University of Essex uses the Caxton expense management system, including expense cards module. The Payments team now manages 17 multi-currency expense cards and 10 GBP expense cards When staff are allocated an expense card they can now spend anywhere where they see the Mastercard logo, and it makes paying for meals and general expenses a lot easier. Staff can use the Caxton app to scan and categorise receipts and the Payments team can review expenditure, set individual limits and top up approved funds anytime. The fully integrated dashboard gives the Payments team a single place to get real-time view of spending, report by category and reconcile expenses online, directly into their own accounts package, saving valuable time and money.

Engcon is the world’s leading manufacturer of tiltrotators and related tools – designed to improve the flexibility, precision, and safety of excavators. Engcon forms part of a larger group; consisting of the Strömsund-based parent company Engcon Holding AB, alongside seven sales companies responsible for sales in their respective markets across Europe, including England. Home to 300 employees, 2019 saw the Engcon Group garner 1.3 billion SEK in sales. When Engcon sought the expertise of Caxton, we quickly identified the solutions required to resolve the issues they were facing. Thanks to our expert FX specialists, we delivered a plan that limited the exposure of Engcon to the often fluctuating FX market – allowing them to focus on their day-to-day trading, and expand their business successfully through limited exposure to changes in the currency market. “Caxton limits our exposure to changes in the market. So, we’re able to sell internationally as well as actively manage our foreign exchange rate.” “Caxton devised a plan to guarantee our exchange rates, despite the fact that Swedish Krona can be more difficult to plan for the future. The team’s experience leaves me to focus on daily operations. And if I have any queries, our dedicated account manager is always on had to help me, no matter what.”

As a small business with a number of key clients, it was taking several days per month to make their payroll payments to their clients – which proved frustrating for all parties involved. PAYG opted to facilitate their payments process via their bank. The welcome convenience of this was ultimately undermined by the often slow, clunky, and expensive overall process. So, it was time for PAYG to source a new partner to support their growing business and retain existing clients with an improved delivery of payments. Payroll as You Go quickly turned to Caxton to help them to automate all of their payments via one platform to hundreds of their clients. Caxton’s bulk payments platform easily integrated with PAYG’s accounts system, to automate all of the latter’s payroll payments. The business’ Payroll Manager was initially reluctant to switch to Caxton’s fully automated system. However, the finance team and, indeed, the entire company is now reaping the benefits of having two extra days a month to focus on other parts of the business. Freddie Wells, Payroll Manager, went on to say, “Overall, the switch to Caxton’s automated system has saved our business time, money, and has reduced the risk of errors when dealing with payments. Our clients are happy that there are no delays, and it’s great I have a dedicated account manager I can call should I have any problems. And we’re saving on payments too.”

Whitmill Trust strives to offer a focused and professional service to its clients with a personal touch and complete transparency, its these qualities that have contributed towards the building and development of long-term relationships with their clients. ‘This excellence in service flows across everything that we do, so when our bank was not responding quickly to requests and charging above market rates, we started to become concerned’ said Wayne Meenagh, Director at Whitmill. With Whitmill’s commitment to providing a resolute level of service to their clients, they looked to Caxton to provide an automated payment solution that meant they could keep their service levels in check and ensure costs were kept down too, whilst sending thousands of payments each month for their clients. ‘We needed to find a solution that worked for us and our clients and Caxton delivered on all fronts’ said Wayne. Caxton’s bulk payments platform meant that Whitmill Trust could take back control of their payments whilst removing manual processes, reducing bank charges and ensuring their clients could continue to pay their contractors who work within the health sector, on time month after month.

Our client is a clinical research provider near Manchester which undertakes research, with a focus on patient safety. They provide in home visits from medical specialists as well as high quality sampling, processing and patient assessments for research purposes. As part of providing great services to their patients and clients, the group embarked on an improvement journey which involved understanding where their non-medical services could improve. They appointed an agency to facilitate streamlining patient processes, and one important part of this will be automating payment processing for their clinical trials. “We were already using Caxton for our expense management, so we wanted to look into how we could work together to further improve how we handle sensitive data,” said a representative for the group. “As a medical business we understand the importance of confidentiality, so it’s important that our partners are able to safeguard our patients and their information.” Working with the third party agency, Caxton was able to give access to several of our APIs working in conjunction. We will safeguard patient data by storing bank details in our API, automating movement of funds between accounts and facilitating transfers of funds.

Expertise

Card Payments
prepaid cards
International payments
Expenses
Payments
accounts payable
Accounts Receivable
Payroll
foreign exchange
Foreign Exchange Markets
SaaS

Summary

Senior Business Development Executive at Caxton. Specialising in International Payments, Foreign Exchange, and API Integration.

Helping to deliver one platform for every type of business payment. Streamlining payment processing, helping to solve complex payment issues and increase efficiency.