For import/export SMEs, managing payments across multiple banks can feel like navigating a maze. You might have inward remittances from clients, outgoing supplier payments, and currency conversions all happening at once — often across DBS, UOB, OCBC, or international accounts. Without a clear system, reconciliation turns into confusion fast.
Here’s how businesses handling trade and cross-border payments are using automation to keep every transaction matched, traceable, and stress-free.
Import/export SMEs often maintain separate accounts for SGD, USD, and other major currencies — and manually tracking them is almost impossible.
With ccMonet, you can connect multiple bank accounts securely in one dashboard. Transactions from each bank (local or foreign) are synced daily, keeping every inflow and outflow visible together.
That means you see your total cash position across all currencies — without logging in and out of multiple portals.
Cross-border payments often arrive with limited details — maybe just an amount and partial reference.
ccMonet’s AI Reconciliation engine reads your invoices and bank statements simultaneously, matching incoming payments to the correct customer and order automatically.
It considers:
The system flags anything that doesn’t match perfectly, so you can confirm or correct in seconds — not hours.
When payments and invoices come in different currencies, manual conversion can distort your books.
ccMonet automatically applies the correct exchange rate (based on the transaction date) and records both base-currency and foreign-currency values.
That means your P&L stays consistent, and FX gains or losses are tracked precisely — no guesswork, no errors.
On the outbound side, supplier payments often involve multiple banks or payment providers.
ccMonet syncs your outgoing transactions too — matching each to the right supplier invoice automatically. Whether it’s a T/T transfer to China or a local GIRO payment in Singapore, the system ensures every payment is linked, cleared, and logged with its supporting document.
Instead of juggling spreadsheets from different banks, ccMonet’s AI Insights gives you a single financial snapshot:
You’ll know exactly where every dollar came from and where it went — across all banks and currencies.
Cross-border trade is complex — your books don’t have to be.
Discover how ccMonet helps import/export SMEs match multi-bank payments automatically, manage currencies cleanly, and maintain real-time visibility — so you can focus on business, not bank statements.
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