Live webinar · Tue 16 June, 9:00 AM BST | 4:00 PM SGT - Purchase Order to Pay: From purchase order to payment

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Pay Vendors: MarTrust vs Traditional Banking / SWIFT

Key difference	Traditional Vendor Payments	MarTrust Pay Vendors
Payment Execution	SWIFT chains often include 2 to 4 correspondent banks. Each adds time, fees, and risk of failure.	Direct network payments to registered maritime vendors and port agents. Higher success rate and predictable timing.
Reconciliation	Manual matching of remittances, statements, and invoices across multiple systems.	Automated reconciliation matches payments to invoices and POs, reducing admin hours.
FX & Cashflow Predictability	FX rates fluctuate; vendors may receive less than expected, leading to disputes.	Locked-in FX options and transparent deductions. Vendors receive exact amounts.
Payment Visibility	Limited tracking once the payment leaves the bank.	End-to-end visibility with instant status updates.
Operational Risk	High risk of payment holds and delays due to compliance reviews and incomplete documentation.	Pre-validated recipients and maritime-specific compliance controls reduce stop-payments.
Vendor Satisfaction	Payment uncertainty strains relationships with agents, chandlers, and suppliers.	Vendors get paid faster, traceably, and with fewer errors, strengthening long-term relationships.
Port Call Efficiency	Late payments can delay releases, clearances, or supplies.	On-time payments support smoother port calls and fewer operational disruptions.

Why It Matters

Faster vendor payments strengthen supply chain reliability and help avoid port call complications. Finance teams reduce bank fees, improve visibility, and streamline dispute management.

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Combined Impact Across Crew and Vendor Payments

Did you know we can also support you with pay crew?

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Area	Traditional Vendor Payments	MarTrust Pay Vendors
Payment Execution	SWIFT chains often include 2 to 4 correspondent banks. Each adds time, fees, and risk of failure.	Direct network payments to registered maritime vendors and port agents. Higher success rate and predictable timing.
Reconciliation	Manual matching of remittances, statements, and invoices across multiple systems.	Automated reconciliation matches payments to invoices and POs, reducing admin hours.
FX & Cashflow Predictability	FX rates fluctuate; vendors may receive less than expected, leading to disputes.	Locked-in FX options and transparent deductions. Vendors receive exact amounts.
Payment Visibility	Limited tracking once the payment leaves the bank.	End-to-end visibility with instant status updates.
Operational Risk	High risk of payment holds and delays due to compliance reviews and incomplete documentation.	Pre-validated recipients and maritime-specific compliance controls reduce stop-payments.
Vendor Satisfaction	Payment uncertainty strains relationships with agents, chandlers, and suppliers.	Vendors get paid faster, traceably, and with fewer errors, strengthening long-term relationships.
Port Call Efficiency	Late payments can delay releases, clearances, or supplies.	On-time payments support smoother port calls and fewer operational disruptions.

What Our Customers Say

Utilising an advanced platform like PortLog is representative of our commitment to delivering a more optimised and efficient freight service in our customers' supply chain

MarTrust has helped centralise all payments through one payment platform.

Fixed rate transfers and greater clarity on payments. Reduced errors in payments due to IBAN checker.

The synergy between AP processing and payments... compliance checks are performed before any payment is released, ensuring that no incorrect payments are processed.

Live webinar · Tue 16 June, 9:00 AM BST | 4:00 PM SGT - Purchase Order to Pay: From purchase order to payment

Pay Vendors: MarTrust vs Traditional Banking / SWIFT

Pay Vendors: MarTrust vs Traditional Banking / SWIFT

Pay Vendors: MarTrust vs Traditional Banking / SWIFT

Why It Matters

Combined Impact Across Crew and Vendor Payments

What Our Customers Say

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Ready to Transform Your Maritime Payments?

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Ready to Transform Your Maritime Payments?

Our brands

Company

Legal

Contact

Ready to Transform Your Maritime Payments?

Our brands

Company

Legal

Contact

Accreditations

Ready to Transform Your Maritime Payments?

Our brands

Company

Legal

Contact

Accreditations