Transformify cuts recon time by 70%

Transformify is a remote-first workforce management platform operating in over 180 countries, helping businesses source, onboard and pay contractors and employees across industries including translation, food delivery and event management.

Around 40% of Transformify’s contractors choose crypto payouts, so the company needs payout flows that support digital assets as smoothly as traditional methods.

Global scaling made it harder to reconcile crypto payments against fiat records. The team struggled to track exchange rates per transaction, reconcile chargebacks and compile accurate reports while relying on manual processes.

Transformify partnered with CryptoProcessing’s account and product teams to design tools around real-world workflows, aiming to automate monthly reconciliation, cut manual chargeback work, capture exact FX rates and ensure transparent, compliant reporting.

CryptoProcessing first delivered automated monthly reporting of all successful transactions with applied exchange rates, then introduced a real-time exchange rate API so Transformify could pull precise rates at payment time and feed this data directly into its internal systems.

Full API integration was completed in about three weeks. Transformify now saves roughly two working days for its finance department each month, reduces reconciliation time by 70%, cuts chargeback handling time by 50% and sees an estimated 80% drop in reporting errors.