SIMPLIFY, OPTIMIZE AND AUTOMATE VENDOR PAYMENTS
Take the guesswork out of adapting your business to the ongoing evolution of next-gen fintech. With REPAY’s automated vendor and supplier payment platform, remove the headaches, security concerns and manual processes associated with making accounts payable (AP) payments.
VENDOR PAYMENT Solutions
From a dedicated vendor enablement team to secure, rebate-earning virtual cards and EFT, REPAY makes it easy to focus on building relationships with vendors instead of managing their accounts. Avoid late payments, increase operational efficiency and maintain a consistent movement of funds.
vendor payment automation
Automate all outbound payments on day one. Electronically pay vendors using their preferred methods through our platform that integrates with your existing accounting software or ERP. Generate realtime, customizable reports instead of relying on tedious manual reconciliation.
Vendor Enablement
Onboard vendors without lifting a finger. Our dedicated payment specialists contact each one to enroll them in real time. Leave payment security to us! We store and protect all payment data on our end. And if their payment information changes, we track that down as well.
EFFICIENT PAYMENT EXPERIENCES
Minimize delays and maximize security using virtual cards and EFT. Replacing paper chques with these methods expedites the time to payment, increases efficiency, simplifies reconciliation and can earn you valuable rebates. A program can be implemented in only a few days.
Vendor payment protection
Payment protection is expensive, time-consuming and labour-intensive. That's why REPAY takes on payment security - no matter the method used - so you don't have to.
- Assign various access permissions and implement dual control
- Confirm the validity of cheques before processing through positive pay
- Securely store data through tokenization, encryption and more
- Stop sharing business account and routing numbers, utilize a custodial account
Explore tools to take on fraud, secure your payments today.
What can vendor payment automation do for AP teams?
Spend 75% less time processing invoices with custom approval and payment workflows.
Remotely approve payments 24/7 and reduce trips to the office to cut and mail cheques
Reduce reconciliation effort and time spent tracking down missing and late payments
Save as much as $8 per transaction by replacing paper cheques with digital payment options
Implement a program in as few as three days without a heavy development lift