Make supplier payments with the vendor management software
You can set up, schedule, and automate vendor payments for both domestic and foreign vendors with Volopay's Bill Pay system. With our cutting-edge vendor management software, you may make payments all around the world at exceptionally low FX rates. Early payment discounts, as well as rewards on international purchases, are available.
Trusted by finance teams at startups to enterprises.
Cross border B2B Payments
Traditional banks and wire transfer providers take days to send money internationally, however our vendor payment software distributes money across 130+ countries using SWIFT and non-SWIFT payment channels at the greatest exchange rate. Vendor payouts are finalised and reflected within a few days. You might get a terrific return of up to 5% on all FX transactions if you use Volopay.
Automate and schedule vendor payouts
Stop adding reminders for supplier payments to your calendar. Volopay's Bill Pay for invoice processing allows you to automate and schedule payments ahead of time for all merchants worldwide.
Use our vendor payment management software to automate subscription administration instead of manually paying recurring subscriptions.
Effortless vendor invoice management
You can manage vendors all around the world with our complete vendor invoice management solution. You can create, process, and pay invoices in a matter of seconds and even add, remove vendors from your vendor list while on the go.Â
Using Volopay's seamless connectivity, all paid invoices from the vendor payment management software are synchronised and updated to the accounting system of your choosing. Bills and inventory may be reconciled with a single click, and payments can be automated.
Real-time spend tracking
Several payment techniques that disguise unneeded expenditure cost hundreds of businesses millions of dollars each year. All purchase orders and invoices are handled, tracked, and managed by Volopay using a single platform.
Get complete insight into the where, when, and why of each payment in real time. You'll have unequalled site-wide transparency with a cost management system that truly works for you.
Set multi-level approval workflow
You can verify that the company's spending policy is followed by incorporating it into our supplier payment software. Set up multi-level approvals to ensure that transactions are double-checked before being completed.
Assign many approvers at each level to optimise the approval process and speed up the vendor payouts.
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 vendor payment automation software
Volopay is a single platform that incorporates approvals, corporate cards, bill payments, cost reimbursements, and accounting automation.
Virtual cards
Volopay's unlimited VISA virtual cards, which include a variety of functionality and security features, can be used to replace unprotected and limited company credit cards. Burner cards can be used for both one-time and trial payments. To keep track of SaaS subscriptions, create recurring cards. For every online FX buy, you'll get points.
Invoice management
Volopay offers full invoice processing, which collects, tracks, and pays all invoices on a single platform, whether domestic or cross-border B2B payments. By scheduling and automating payments, you may take advantage of early payment discounts, cash refunds, and more.
Multi-level approvals
Stop seeking authorization from supervisors and administrators for invoices. Set up multi-level approval workflows and manage payments on the move with our platform. Appoint a large number of approvers at each level and increase transparency and visibility across the organization.
Domestic money transfers
From a single platform, you can control, track, and manage all types of spending. Instantly send money to local vendors and employees. There are no transaction fees and all local vendor payouts are $0! Create custom approval workflows to validate invoices quickly and efficiently.
International money transfers
Pay vendors and employees anywhere in the world in a lightning-fast, secure, and cost-effective manner. Manage vendor payments and remittances from a centralised vendor payment automation platform that you can access at any time and from anywhere. Get great rewards on all international purchases, as well as super-low FX rates.
Automate accounting
Volopay offers cutting-edge integrations that are seamless, precise, and rapid. Connect to the most common accounting systems throughout the world, such as Xero, Quickbooks, NetSuite, and others. Create custom mapping fields and accounting triggers for all transactions, import charts of accounts, and auto-categorize cost reports before exporting expenditure reports.
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FAQs on vendor payouts
To guarantee that the payment is delivered to the relevant vendor, all transactions are accompanied by the necessary information. Volopay seamlessly imports your chart of accounts, expenditure categories, and vendor details from your existing accounting software to guarantee that your payment is processed appropriately.
Absolutely not! Volopay is designed to grow alongside your company. As a result, Volopay allows you to add an unlimited number of suppliers for hassle-free vendor management on a single platform.
Yes! All vendor payouts are auto-categorized into their relevant expense categories for easier expense management and reporting. You can simply import the chart of accounts and expenditure categories from your accounting system, as well as set up triggers for any user, vendor, card, department, or GL code.
Certainly! You may make cross-border B2B payments in more than 130 countries with Volopay's Bill Pay service. Our corporate VISA credit cards can also be used to make safe payments at POS machines and online shopping.