Reduce Time Managing Payments
STRENGTHEN overall vendor relations
IMPROVE CASH FLOW
The smarter way to pay
While assisting residents, balancing budgets or maintaining properties, the last thing you need to worry about is making sure each vendor invoice is processed and paid—on time. Making HOA vendor payments manually slows down operations and costs you extra in the long run.
With REPAY’s HOA vendor payment platform, you can avoid issuing and mailing stacks of checks.
Managing Vendor Payments Is Quick, Easy and TransparENT
Vendor payment solutions seamlessly integrate into your existing HOA system to manage accounts payable through a single platform. Simply send us electronic batches of vendor invoices. From the portal, you approve the invoice and then REPAY sends the payment using the vendor's preferred method.
Pay using ACH, credit card or virtual card
Simplify vendor setup and management
Realtime payment tracking puts hours back in your day
Manage 100s of vendors across individual properties
Benefits of REPAY
Traditional payment systems cost you precious time and negatively impact your bottom line. With a frictionless, centralized solution in place, you can save thousands by digitizing costly payment processes and gaining visibility and control over your funds.
Enhance the vendor experience using our simplified AP platform. You can relax while we do all the work, from setup to support, while you focus on running your business smoothly.
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Pay vendors and suppliers accurately and on time -
Pay using virtual cards, credit cards or ACH -
Eliminate paper checks -
Put funds back in your budget with rebates
Put funds back in your account by using virtual cards to pay vendors. Increase rebates and save time in the payment process to make vendors happy and keep your business moving.
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Easily add, alter or cancel funds -
Set specific dollar amounts and expiration dates to protect assets -
Automate internal tracking and reconciliation management
Don't break a sweat when it comes to onboarding your vendors. Our team contacts each one to verify their payment preference and set up your ability to automatically pay them. Since REPAY is integrated into your existing operating systems, you can easily approve payments and track them in real time.
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Quick, painless vendor onboarding -
Live set-up within a week -
Substantial vendor network -
Multiple enrollment techniques maximize electronic payments
ALWAYS-AVAILABLE CUSTOMER SERVICE
U.S.-based and available 24/7/365, our dedicated customer service team can assist you with every aspect of REPAY’s payment processing program.
- Outbound calling assistance when you need to gather vendor data or follow up on payments
- PCI specialists provide guidance to help you maintain compliance
Benefit from Faster, More Secure Payments
Digital payment technology evolves every day, and REPAY has the resources and expertise to keep you ahead of the changes. Rely on REPAY to simplify payments and manage the platform integrations for improved cash flow, streamlined internal processes and increased vendor satisfaction.
LEARN MORE ON THE BLOG
How AP Automation Creates a Better Payment Experience for Businesses and Vendors Alike
It might (or might not) surprise you that many B2B businesses are still using outdated payment methods like paper checks for their accounts payable (AP) processes. In fact, according to a study from PYMNTS, “25% of B2B payments are made via paper checks.”
AP Automation Isn’t Just for Large Businesses: SMBs Can Flourish Too
Small to medium businesses (SMB) across the U.S. are still feeling the ripple effects of the pandemic with supply chain issues, rising interest rates, growing inflation and uncertain economic conditions. As we approach 2023, inflation is the primary concern. Thirty-seven percent of Main Street SMB decision-makers cite it as their greatest worry, and it doesn’t look to be going away anytime soon.
Why Your Business Needs PCI Compliance
PCI stands for “Payment Card Industry” and is a set of security standards created by the major credit card brands (Visa®, Mastercard®, Amex®, etc.). The Payment Card Industry Data Security Standard (PCI DSS) is the specific set of requirements created to ensure that your business has processed, stored, or transmitted credit card information in a secure environment.