How Spendflo automated transfer pricing payments with Xflow
From manual coordination to full automation, Spendflo’s finance team now runs transfer pricing with zero operational friction, complete compliance, and faster settlements through Xflow.
50%
Savings on FX Cost vs bank transfers
80%
Reduction in manual effort
100%
Compliance with EDPMS reporting
Use case
Spendflo uses Xflow for transfer pricing (TP) payments between its U.S. and Indian entities. The finance team leverages Xflow’s auto invoice creation and auto reconciliation features to handle compliance, settlements, and reporting - ensuring accuracy and efficiency across every cross-border payment.
Problem summary
Before switching to Xflow, Spendflo managed payments through multiple leading banks which made the process largely manual and operationally heavy. The finance team had to manually create and upload invoices, rely on human intervention to track FX rates, and spend hours coordinating with bank relationship managers for lengthy EDPMS filings. This not only slowed down monthly closings but also added unnecessary friction, pulling the team’s focus away from more strategic priorities.
Why Xflow
Spendflo chose Xflow for its automation-first approach and the ability to integrate compliance directly within the payment flow. Unlike banks that required manual coordination for every transfer, Xflow streamlined the entire process. Features like Auto Invoice and Auto Reconciliation reduced human effort by nearly 80%, while transparent FX rates removed hidden spreads. With built-in EDPMS management ensuring 100% RBI compliance and a self-serve setup that enabled onboarding within days, Spendflo gained both efficiency and control over their global payments.
Results
With Xflow, Spendflo automated its entire transfer pricing process, from invoice creation to reconciliation. Payments that once took days are now completed within minutes, saving both time and cost. All EDPMS requirements are managed automatically, ensuring full compliance without relying on banks. The finance team is now free from repetitive manual work, improving accuracy and speeding up month-end closings. Transparent FX rates and real-time visibility have also enhanced financial planning and predictability, giving Spendflo complete control over their global payment operations.
Impact on Spendflo's business
Time & cost savings
Payments executed within minutes instead of days
Full compliance
All EDPMS requirements are managed automatically, removing dependency on banks
Operational efficiency
Finance team freed from repetitive manual work, improving accuracy and month-end closings
Better FX management
Transparent rates and real-time visibility improved financial
“Xflow made our cross-border operations completely hands-free. The transparency, compliance, and speed have saved us time and effort every month - it’s exactly what modern finance teams need.”
Shamshuddin GM, Lead Finance & Compliance at Spendflo
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