Enterprise payments software helps large and multinational companies streamline and optimize payments processing. Through the use of this type of software, companies can increase the efficiency of their payments activities by reducing errors, preventing fraud, and automating the processing of large numbers of transactions. Enterprise payments software is used by accounting departments to match invoices with payments, for bank reconciliation, and for payment tracking. Accountants also use this type of software to consolidate payment information from multiple sources and analyze payment performance at the enterprise level. The software also can be used by managers from departments such as procurement and sales to track which customers paid invoices and which suppliers were paid by the company.
To qualify for inclusion in the Enterprise Payments Software category, a product must:
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Tipalti is the only end-to-end solution to automate the entire global payables operation in a unified cloud platform. We take the pain out of payables by cutting 80% of the workload, freeing up your team to focus on growth initiatives. We also provide the systems infrastructure to scale, with robust tax and regulatory compliance built in and financial controls to govern your AP operations. We do all of this while maintaining 98% customer satisfaction and work with leading companies like Google, Amazon, Houzz, Twitter, GoPro, and GoDaddy. We ensure success with dedicated service and support, and with more than 1.8 million suppliers around the world, we’re ready to drive your success. Tipalti provides accounts payable teams a complete global B2B payables automation solution that makes it painless to process invoices, match purchase orders to receipts and invoices, and pay suppliers and partners around the world. Wipe out 80% of your AP and supplier payment workload. Tipalti cuts the manual work from your accounts payable processes, so you can focus on revenue growth and cash flow management instead of back-office financial operations. Tipalti provides the infrastructure that sets you up for long-term sustainability, so you’ll never have to implement another AP system. Reduce tax, regulatory, and financial control risk. Built-in audit logs, OFAC and other sanctions screening before every payment is processed, signatory rights, role-based views and privileges, robust workflow approvals, and KPMG-certified digitized tax form collection and validation mitigate risk and fraud – and ensure compliance. Transform AP to a revenue center. Early payment referral fees give AP revenue sharing opportunities and allow companies to manage cash flow better without impacting working capital. Improve supplier relationships. Offer a broad range of global payment methods and currencies, improve payment accuracy and timeliness, give early payment discounts, and provide proactive supplier visibility to payment status and history to enhance the supplier payment experience. Tipalti’s enterprise-grade cloud platform meets the highest level of security standards with extended user roles, approval workflow, and data protection. Tipalti’s systems are PCI and SSAE16 SOC audit certified. AES encryption and white-listing ensure payer and supplier information is maintained to the highest industry security levels.
ConnectPay is an integrated payables system that lets you conusers nect data from multiple financial systems into a single platform to securely pay vendors, suppliers or individuals with a single payment file. Connect bank accounts and invoice data from multiple divisions, regional offices and subsidiaries to centrally make payments across all modes—including virtual credit card, check, ACH or wire.
With FIS Enterprise Payments, financial institutions can implement a centralized payments infrastructure that facilitates origination through instruction management to execution across the enterprise. Payment transactions are processed and managed irrespective of the originating channel and independent from the target clearing/settlement system or the back-office silo.
Nvoicepay delivers cloud-based electronic payments for enterprise organizations. The solution streamlines how companies pay their domestic and international invoices and works with every accounting system and all banking partners. Nvoicepay integrates with front-end AP solutions to complete the Procure-to-Pay lifecycle, enabling organizations to pay 100 percent of their invoices electronically.
ProPay provides simple, secure and affordable payment solutions for organizations ranging from small, home-based entrepreneurships to multi-billion-dollar enterprises requiring complex payment solutions. ProPay's ProtectPay platform provides software integrators, payment facilitators and SaaS providers with all the tools necessary to easily implement payments processing.
Enterprise Payment Solutions, a strategic component of JHA Payment Solutions, provides the comprehensive SmartPay platform that provides an integrated suite of payment solutions that supports the entire payment life cycle by seamlessly accepting, processing, and settling virtually every payment type generated in every payment channel.
Universal Payments helps innovate and thrive by combining payment capabilities in new and different ways while maintaining the performance, security and scalability. Through comprehensive suite of software and SaaS-based solutions, ACI UP delivers real-time, any-to-any payments capabilities and enable the industry’s most complete omni-channel payments experience.