Global freight flows rarely pause, but the cash behind them can stall for days while rates are approved, currencies are converted, and invoices are re-keyed. With cross-border payments expected to top USD 227 billion in 2025, but with them taking 55 percent longer to clear than domestic transactions, finance teams feel the drag first. Turvo’s Multi-Currency suite was built to turn that drag into flow. Here’s how it tackles the four pain points that dominate every spreadsheet and status call.
Live Exchange Rate Management
When the dollar index can jump seven percent in a single quarter, quoting a shipment this morning and billing it weeks later means exposure. Turvo pipes in live market rates, lets you lock or refresh FX at configurable intervals, and stores the applied rate on each order for audit clarity. Finance teams gain certainty; operations teams keep quoting in a single currency, knowing the system handles conversion behind the scenes.
Multi-Currency Invoicing Without the Rework
Manually converting invoices invites rounding errors and reconciliation headaches, and those misalignments often surface during month-end crunch. Turvo lets users raise a bill in the customer’s currency while GL entries post in the home ledger. Tax codes, surcharges, and fuel tables all translate automatically, keeping margin calculations intact and removing the need for a “second set of books.”
Straight-Through International Payment Processing
Cross-border transactions already cost businesses more than USD 190 billion in fees and float. Turvo integrates with leading global payment partners to route funds through the lowest-cost rails, generate compliant remittance advice, and reconcile confirmations back to the shipment timeline. The result is faster cash application and fewer suspense-account mysteries.
Consolidated Financial Reporting in One Currency of Record
Managing multiple ledgers was once a barrier to building agile cross-border solutions. Turvo changes that dynamic: every line, linehaul, fuel, accessorials, and auto-converts into a unified currency while still letting finance choose, per transaction, which tender or invoice appears in dollars, euros, pesos, or yen. That single-platform versatility means you can launch new international services without spinning up duplicate TMS instances, quote and settle in your customer’s preferred currency, and reconcile both receivables and payables against a normalized home currency for clean, apples-to-apples profitability views.
For logistics finance teams and 3PLs, the payoff is freedom to design bigger solutions, faster: one dashboard shows true lane contribution, treasury sees live FX exposure to guide hedging, and ops teams never toggle systems to track down the right invoice version. In short, Turvo’s Multi-Currency suite turns currency complexity into a competitive advantage, freeing your people to create value instead of calculating it.
Want to see the numbers in action? Request a Turvo demo and watch multi-currency complexity vanish from your workflow.
