STREAMLINED VENDOR PAYMENTS, SEAMLESSLY INTEGRATED
Vendor payments don’t have to cost your AP teams time and money. Integrate innovative payment solutions to optimize and expedite how vendors are paid.
SIMPLIFY, OPTIMIZE AND AUTOMATE VENDOR PAYMENTS
Take the guesswork out of adapting your business to the ongoing evolution of next-gen fintech. With VITROPAY’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 ACH, VITROPAY 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 enrollment team contacts each one to identify their payment preferences and has them up and running in only a few minutes. 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 ACH. Replacing paper checks 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
Ensuring payment security builds better relationships with the vendors you rely on to keep your business running smoothly. However, keeping up with the various fraud types targeting payments can be a challenge. VITROPAY’s platform protects outbound vendor payments, no matter how payments happen.
- Reduce ACH return ratios using our ACH validation
- Assign various access permissions and implement dual control
- Confirm the validity of checks before processing through positive pay
- Securely store data through tokenization, encryption and more
- Stop sharing business account and routing numbers, utilize a custodial account
WHAT CAN VENDOR PAYMENT AUTOMATION DO FOR AP TEAMS?
Spend 75% less time processing invoices with custom approval and payment workflows.
