KnowBe4 Signs Three-Year Flywire Deal to Automate A/R and Cut Reconciliation 95%
KnowBe4 has selected Flywire as its global payments partner in a three-year agreement expected to process millions in annual payment volume through Flywire’s invoice-to-cash platform. The integration automates end-to-end A/R workflows, cutting manual reconciliation time by 95% and reducing DSO while supporting payments in 140+ currencies across 240 territories.
1. Three-Year Partnership Agreement
KnowBe4 has entered a three-year agreement with Flywire, designating the company as its preferred global accounts receivable and international payments partner. KnowBe4 will route millions in annual payment volume through Flywire’s invoice-to-cash platform to streamline billing and collections.
2. Operational Efficiency Gains
The Flywire integration automates the entire invoice-to-cash lifecycle, eliminating thousands of manual reconciliation hours and cutting reconciliation time by approximately 95%. This end-to-end A/R automation is expected to accelerate time to revenue and reduce back-office overhead.
3. Financial and Strategic Impact
By leveraging Flywire’s network, KnowBe4 can accept payments in over 140 local currencies across 240+ countries and territories, capturing potential savings through optimized exchange rates and lower transaction fees. The solution aims to reduce Days Sales Outstanding, improve cash flow predictability, and free IT resources for strategic growth.