Marketplace Payments Optimization
Our mass payments methods
When a business expands to the point of reaching global customers, it’s a good idea to streamline marketplace payments with an automated solution. Paying hundreds or thousands of suppliers or remote workers can be very complex without the help of an electronic online payment system. Our user-friendly platform is ideal for any business that wants to speed up the Accounts Payable process with a higher degree of accuracy. Once a small business evolves to the next level, you may find it easier to use our automated system than the traditional manual labor that leads to errors and extra work.
Flexibility and Control
Once you set up a marketplace payments account it’s easy to control mass payments and schedule them so that they arrive on time. One of the advantages of our mass payment platform over others is that we allow flexible payment methods whereas several others require specific payment methods. You can configure each invoice for its own payment method, as we allow for various types of payments using global services.
Even currency exchange is no problem with this automated system. Not only do we offer low cost transaction fees, our automated system makes it easy to track all accounts and monitor the current status. Another way in which our system is flexible, we allow you to customize the platform presentation to fit your branding. It’s still up to your Accounts Payable department to review and approve all invoices, but adding automation to the equation definitely reduces reconciliations.
Quick & Easy Payouts
All you need to do is set up your account, make configurations then wire us money. Then we take care of all your payments through an electronic mass payout system. Using our marketplace payments solution will allow your accounting staff to concentrate on other matters besides the traditional work of double-checking for errors and reconciling them. In the old days not only could errors slow down payments, so could the manual process itself, as physical checks could get misplaced.
Our automated system ensures that your suppliers will be paid the correct amount on time based on the data input into invoices. In a single batch you can pay thousands of people at once from your centralized location.
We Make Setup & Onboarding Easy
One of the many reasons why supply chains are complex is they may include multiple subcontractors. The fact that so many people can be involved behind the scenes with a company makes it difficult to keep track of each vendor.
We make it easy by providing a supplier onboarding management system that is easy to understand due to its well organized presentation. Onboarding software streamlines the process and saves everyone involved time and money. It allows you to easily add or subtract accounts as needed.
You can easily research any supplier, employee or partner through this system to review their transaction history with the company.