Automate your payment schedules with vendor payment software
Volopay’s vendor payment software makes paying suppliers and service providers straightforward for Canadian businesses. Whether dealing with local or global vendors, our platform eliminates manual tracking and multiple payment systems.
With automated payouts, customizable approval workflows, and multi-currency support, you can ensure accurate and timely payments. Volopay’s vendor payment management software integrates seamlessly with your accounting tools, providing real-time expense and cash flow insights to keep your finances on track.
From regular vendor payouts to one-off transactions, Volopay’s user-friendly vendor payment software simplifies the process, reduces errors, and saves money, allowing you to focus on growing your Canadian business.
Hassle-free cross border B2B payments
Volopay’s vendor payment software makes cross-border B2B payments hassle-free. Send money to international vendors in various currencies with low foreign exchange fees and fast processing, making global transactions cost-effective for Canadian businesses.
Our vendor management system ensures compliance with local regulations and minimizes risks associated with international payments, providing full visibility into every transaction.
Manage vendor payouts with automation
Simplify vendor payments with Volopay’s vendor payment software, which automates the process and reduces manual work. Set up recurring payouts, schedule one-time payments, and manage everything from a single platform for accurate and timely vendor payouts.
Automated workflows eliminate errors and prevent late fees, saving time and strengthening vendor relationships by ensuring payments are always on schedule.
Real-time payment tracking
Volopay’s vendor payment software offers complete transparency by tracking every payment in real time. Detailed spend analytics and instant updates show exactly where your money is going at any moment.
This visibility helps Canadian businesses maintain tight control over cash flow and ensures every vendor payment is accounted for, enabling smarter financial decisions.
Seamless vendor invoice management
Volopay’s vendor payment solutions make handling vendor invoices simple. Store, organize, and process all invoices in one central platform, eliminating the chaos of paper-based systems or scattered digital files.
Built-in reminders ensure you never miss a payment deadline, while automated approvals speed up invoice processing, boosting workflow efficiency and financial accuracy.
Multi-level approvals for vendor payments
Volopay’s vendor payment solutions allow you to create multi-level approval workflows to ensure every vendor payment is properly authorized. Customize approval chains based on departments, spending limits, or vendor types for added control.
These approval structures help Canadian businesses maintain strict oversight of vendor payouts, ensuring compliance with company policies.
Financial stack for business
No more switching between multiple bank accounts and tools to run your Canadian business. Volopay combines powerful software with all the banking services you need, creating a cutting-edge financial platform.
Empower your employees with physical and virtual cards
Manage and track every dollar that leaves your company
Open a global account with multi-currency payments
Manage vendors, approve invoices and automate payments
Save hours daily, and close your books faster every month
Integrate with the all the tools and software that you use daily
Why businesses should choose Volopay for efficient vendor payouts?
Instant payment notifications
Volopay’s vendor payment solutions provide instant payment notifications, keeping your team and vendors informed. This transparency helps reduce miscommunication and fosters strong vendor relationships.
Timely payments
Volopay’s fast and reliable vendor payment management software ensures vendors receive funds on time, regardless of location, strengthening vendor relationships and keeping your supply chain smooth.
Tracking vendor payments
Tracking vendor payments is effortless with Volopay’s vendor payment software. Monitor all transactions in real time, check payment statuses, and access payment histories with ease.
Automated reconciliation
Volopay’s vendor payment software simplifies reconciliation by automatically matching payments to invoices, reducing errors and streamlining accounting processes.
Multiple payment methods
Volopay’s vendor payment solutions offer multiple payment options, including bank transfers, cards, and international payments, allowing you to pay vendors in their preferred method and currency.
Bulk payment feature
Volopay’s bulk payment feature lets you pay multiple vendors at once, saving time and reducing the risk of payment errors for Canadian businesses with many vendors.
Why Volopay?
Our customers consistently rate us as a leader in AP automation, expense management, and procurement.
We’re committed to delivering modern financial solutions for Canadian startups and enterprises with exceptional customer experiences and seamless implementation.
Learn more about Volopay
Volopay combines approvals, corporate cards, bill payments, expense reimbursements, and accounting automation into one platform.
Virtual cards
Volopay’s virtual cards make secure online transactions easy without physical cards. Create them instantly for specific vendor payouts, set spending limits, and manage them directly from the platform.
Invoice management
Manage all vendor invoices in one place with Volopay’s invoice management system. Automate receiving, organizing, and paying invoices while minimizing errors and improving cash flow control.
Multi-level approvals
Volopay’s multi-level approval workflows ensure every vendor payment is reviewed and authorized per your company’s rules, reducing the risk of unauthorized spending.
Domestic money transfers
Volopay simplifies domestic money transfers, making it quick and secure to send and receive payments within Canada with support for various payment methods.
International money transfers
Volopay’s multi-currency support and competitive foreign exchange rates make international vendor payouts smooth and cost-effective for Canadian businesses.
Automate accounting
Volopay keeps financial records accurate by automating transaction reconciliation with your accounting software, reducing manual data entry and freeing up your finance team.
Bring Volopay to your business
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FAQs
Yes, Volopay’s vendor payment solutions support multi-currency payments, allowing Canadian businesses to pay international vendors in their preferred currency with low fees and fast processing.
Volopay’s vendor payment management software ensures accuracy with automated workflows, invoice matching, and real-time tracking, minimizing errors and providing clear visibility.
No, Volopay’s vendor payment solutions allow unlimited vendor payments, making it scalable for Canadian businesses of any size.
Yes, Volopay offers customizable approval workflows. You can set multi-level approvals based on roles, departments, or payment amounts to maintain control and prevent unauthorized payments.
Volopay uses advanced encryption, fraud prevention tools, and role-based access controls to ensure secure vendor payments for Canadian businesses.
Yes, Volopay’s vendor payment software allows you to schedule payments ahead of time, ensuring automatic payments on due dates.
Yes, Volopay’s vendor payment management software offers detailed reporting and real-time analytics for all vendor payouts, supporting better financial decisions.
Volopay’s vendor payment software automatically detects and flags potential duplicate invoices, preventing overpayments and ensuring accurate financial records.
Yes, Volopay integrates smoothly with popular Canadian accounting systems, automating data transfers and simplifying financial record management.
Volopay processes domestic payments within hours and international vendor payouts typically within 1-3 business days, depending on the destination.