FX Solutions for Claims Management
We understand that when dealing with overseas insurance claims, the funds that you send are of vital importance to your claimants’ continued well-being. For example, a claimant may be stranded in a foreign country, and needs funds to get home, or may have been injured on holiday, and is unable to get medical treatment without adequate funds.
We can provide you with an online payment solution that will allow you to send funds quickly and reliably to claimants in desperate need. By offering payment in over 130 currencies, including several exotic currencies, we can help you to send funds to some of the most isolated parts of the world.
In addition, our foreign exchange specialists will work directly with your organisation to help develop an effective risk management strategy that will help manage your firm’s currency risk exposure; enabling you to ensure that you are making the most your claimants’ valuable funds.
Streamline Large Volume Claims Processing
Western Union Business Solutions' online platform, GlobalPay, is well suited to the needs of companies managing large volumes of payments, and its flexible file interface allows you to upload a single file into the system, containing all of the necessary remittance information.
Once the payments have been processed, this file will then automatically reconcile back into your accounting system. Our file system enables full integration of your ERP, accounting software or Treasury Management Systems - without any IT development on your end, or significant business process changes.
Find out more about how we can provide you with an online payment solution that will allow you to send funds quickly and reliably to claimants in desperate need.
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