Reconciliation time cut by 70% with automation

Financial Services

Transformify

11-50

We’ve enjoyed excellent merchant support since the API integration with CoinsPaid was launched.

Lilia Stoyanov

CEO of Transformify

About Transformify

Transformify operates remotely in 180+ countries to help teams grow with seamless workforce management.

From food delivery to event management, clients rely on Transformify’s VMS, ATS, and EOR tools for hiring and payments around the globe.

40% of contractors prefer crypto payouts, and the company meets demand with secure and adaptable payment options.

Challenges

As Transformify expanded globally, reconciling crypto payments with fiat accounting became a serious problem. Manual processes made it nearly impossible to track real-time exchange rates, slowed chargeback resolution, and introduced reporting errors that risked compliance.

To keep pace, the team needed to automate reconciliation, capture exchange rates at the moment of each transaction, and eliminate manual chargeback tasks. Without change, reporting delays and financial inaccuracies threatened operational efficiency and regulatory transparency.

Results

We’ve enjoyed excellent merchant support since the API integration with CoinsPaid was launched. The team has demonstrated a strong understanding of our needs and consistently delivered beyond expectations. Crypto payments are a strategic focus for our business, and CoinsPaid’s platform made them seamless and reliable. We would strongly recommend CoinsPaid to any merchant looking to process large volumes of crypto payments in various cryptocurrencies.

Lilia Stoyanov

CEO of Transformify

50%

cut chargeback handling time

80%

an effective reduction in errors

70%

faster financial reconciliation

Get the Details of the Case

Discover how Transformify partnered with CoinsPaid to overcome complex crypto-to-fiat reconciliation challenges.