Accounts payable software for better management of payables
Your business needs accounts payable software to manage payables. Volopay's Bill Pay feature with accounts payable automation efficiently manages all vendor payments and expense reports.
You can keep track of all due payments, report on those that have been handled, and even set up advance payments to avoid missing deadlines. Automate your AP process to save a lot of time and money.
Trusted by finance teams at startups to enterprises.
Streamline and process invoices in a flash
Submit an invoice on the platform and automatically generate a bill. Review invoice payments by a multi-level approval mechanism in our accounts payable automation software to ensure that there is no mismatch between what needs to be paid and what is being issued. As soon as the payment is made, receipts are attached, and all data is included in the expenditure reports.
Efficiently manage vendors
You can easily manage and add vendors with automated accounts payable software. Vendors can create their own accounts so you don't have to ask for payment information every time you need to make a payment.
Early payments give you discounts and savings, making due dates much more reasonable. Reconciliation and vendor tracking on a single dashboard.
Track all spending in real-time, instantly
When you make a payment to suppliers, it is immediately logged on to the platform. Everything happens in real-time, whether you're paying with one of your Bill Pay wallets or one of your created cards.
All vendor information is grouped in the accounts payable software so you can filter and examine it whenever you want. It happens instantly, from the PO to the ultimate receipt.
Simple and fast vendor payments
You can create and assign virtual corporate cards that will expire once the payment is received by the vendor. If you're making a recurrent payment to a vendor, you can set up a reload cycle on the card as well as a payment limit to avoid any losses. Payments can also be arranged in advance using Bill Pay wallets.
Advanced multi-level approval workflows
With the maker-checker feature in our accounts payable automation software, payments to vendors can go through multi-level approval processes, with workflows created by you. Multiple persons are in charge of validating a payment before any money is withdrawn from your account in this way.
What's the best part? You can set up auto-decline rules for payments that aren't in accordance with your company's policies!
Lowest FX charges possible
Use our accounts payable software to make cross-border payments to merchants and workers in more than 130 countries. Multi-currency wallets are supported, allowing you to effortlessly manage your funds.
Furthermore, you benefit from cheap exchange rates for more cost-effective payments.
Financial stack for business
No more switching between multiple bank accounts and tools to run your smart business. We have combined great software with every service you are using a bank for, to produce a state-of-the-art 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.
Learn more about our accounts payable software
Our accounts payable automation software India offers you to manage everything from invoice management and processing, and vendor management and payouts, to corporate cards, reimbursements, approvals systems, and accounting automation in a single consolidated dashboard.
Invoice management
With this seamless, modern accounts payable software, you can keep track of your bills. With enhanced invoice verification and payment synchronisation, you can make payments to any vendor in any country. Invoices can be manually uploaded, emailed as attachments, or transmitted directly from accounting. The use of OCR technology speeds up the procedure.
Vendor payouts
Volopay corporate cards and the accounts payable automation in India makes it easy to pay vendors. Manage several currencies and make payments from anywhere in the world with ease. On-time, at a lower cost, and with real-time data for easy reporting. Nothing goes unnoticed, and everything gets reconciled more quickly.
Automated accounting
Eliminate switching between different accounting systems. You can sync the accounting software of your choice with the Volopay platform smoothly. As a result, all of your recorded expenses are automatically uploaded to your accounting system for easier reconciliation. Manually collecting data, statements, and sheets takes longer than closing books. Our accounts payable automation software makes it easier to use interfaces with Zoho, Tally, Xero, Deskera, Netsuite, Quickbooks, and MYOB, you can close books almost 10 times faster.
Know more about accounts payable automation
Explore how AP automation can streamline the financial processes and increase B2B payment efficiency for automotive industry.
Learn about key details such as compliance issues, regulations, procedures and applications related to vendor payments.
Get to know the benefits of business cash flow analysis and the steps to perform cash flow statement analysis.
News
Read up on snippets of the latest news and updates on accounts payable in India.
The push for greater efficiency and need to manage cashflow has resulted in companies starting to adopt accounts payable automation.
Set multi-level approval workflows with up to 5 levels of approvers based on the payment range, thereby allowing companies to set compliance for each degree of payment with higher payment amounts requiring more approvers.
Volopay’s three-way invoice sourcing let you receive invoices from email, the Volopay portal, and also from your accounting software. All three channels are linked so that when you receive an invoice you are immediately notified and the payment process can get started.
Vendor payment automation helps keep your supply chain healthy, promotes good vendor relationship, eliminate the challenges of vendor data storage and management.
FAQs on accounts payable
Volopay offers two-way and three-way matching verification systems for accounts payable transactions to reduce incorrect data and fraud. To guarantee that everything is in order, invoices and bills (and, if necessary, receipts) can all be matched. POs can also be attached to the fourth level of verification as supplemental papers if desired.
Volopay enables you to speed up each component of the accounts payable process, resulting in a more efficient overall process. You can automate expense reporting, record invoice data, set up payments, create approval lists, and capture invoice data. Furthermore, using a credit card allows make FX transactions cheaper. Your system is not only better, but it is also more cost-effective. Above all, a well-functioning accounts payable software has a beneficial impact on your vendor relations.
Integrate with leading accounting software in India like Zoho and Tally along with other accounting systems like Xero, Netsuite, Deskera, Quickbooks, and MYOB. If you don't use any of the accounting software, you can still export the files by creating templates that match your software's requirements.
Yes, Volopay's software incorporates OCR (optical character recognition) technology. The line data from any invoice supplied to the system is automatically entered into the report, eliminating the need to manually transfer data from the receipt image/file to the data fields. If your accounting software receives invoices directly, you can integrate it with Volopay so that the data is captured from there. If you receive invoices as email attachments, you can have them automatically transferred to Volopay for upload.
Vendor payments made through our platform are far faster and less complicated than bank wire transfers. Domestic payments and payments made without using SWIFT (from accounts housed locally) are handled within a few hours. International payments made over the SWIFT network may take up to two working days to process, depending on the vendor's country and bank. To minimise any last-minute headaches, you can set up advance payments.
Yes! You can use Volopay to make payments within India and also overseas. You can choose to activate a multi-currency wallet, which allows you to store funds in currencies other than INR. Furthermore, our corporate cards can be used to make overseas payments. These choices will save you money on foreign exchange and remittance fees, plus you'll be able to send money to over 130 countries.
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