Streamline, automate and pay vendors on time
With Volopay's Bill Pay system, you can set up, schedule, and automate vendor payouts for both domestic and international suppliers. Our innovative vendor payment software enables you to send payments around the world at extremely reduced FX rates. Early payment savings are available.
Trusted by finance teams at startups to enterprises.
Easy cross border B2B payments
Our vendor payment software distributes money across 130+ countries utilising SWIFT and non-SWIFT payment channels at the best exchange rate, whereas traditional banks and wire transfer providers take days to send money overseas. Within a few days, vendor payouts are finalised and reflected. With Volopay, you may get a fantastic reward of up to 5% on all FX transactions.
Automate and schedule vendor payouts
Stop adding vendor payment reminders to your calendar. With Bill Pay for invoice processing, Volopay enables you to automate and schedule payments in advance for all merchants across the world.
Instead of manually paying recurring subscriptions, use our vendor payment management software to automate subscription administration.
Track every dollar that leaves your company
Hundreds of businesses lose millions of dollars each year as a result of several payment methods that hide unnecessary spending. Volopay uses a single platform to handle, track, and manage all purchase orders and invoices. Real-time visibility into the where, when, and why of each payment. With an expense management system that genuinely works for you, you'll have unrivaled site-wide transparency.
Receive early payment discounts
Schedule early payments for all vendor distributions to maintain a healthy cash flow inside your company. Confirm your early payment amount for a certain vendor, choose a return rate, and that's all there is to it! Based on your total invoices, our powerful vendor payment software automatically presents the best offers to your suppliers.
Experience advanced vendor management
Using our comprehensive vendor invoice management system, you can manage vendors near and distant. In a matter of seconds, you can create, process, and pay invoices. On the go, add and remove vendors from your vendor list. All paid invoices from the vendor payment management software are synced and updated to the accounting system of your choice using Volopay's seamless connections. Reconcile bills with inventory and automate payments with a single click.
Create custom multi-level approvals
By implementing the company's spending policy into our vendor payment software, you can ensure that it is followed. Set up multi-level approvals to double-check transactions before they're processed. To optimise the approval procedure and speed up the vendor payouts process, assign numerous approvers at each level.
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 combines approvals, corporate cards, bill payments, expense reimbursements and accounting automation into one single platform.
Virtual cards
Volopay's unlimited VISA virtual cards, which offer a wide range of functionalities and security measures, can be used to replace unprotected and limited company cards. One-time and trial payments can both be made with burner cards. Create recurring cards to keep track of SaaS subscriptions. Earn points for every online FX purchase.
Invoice management
Volopay has comprehensive invoice processing that collects, tracks, and pays all invoices, whether domestic or cross-border B2B payments, on a single platform. Take advantage of early payment discounts, and more by scheduling and automating payments.
Multi-level approvals
Stop chasing down invoice approvals from supervisors and administrators. Within our platform, you may set up multi-level approval workflows and handle payments on the go. At each level, appoint numerous approvers. Boost visibility and transparency across the organisation.
Domestic money transfers
Control, track and manage all forms of expenses from a single platform. Send money to local vendors and staff in seconds. Create bespoke approval workflows to swiftly and efficiently validate invoices.
International money transfers
Pay vendors and employees all over the world in an incredibly quick, secure, and cost-effective manner. Manage vendor payments and remittances from a centralised vendor payment automation software that is accessible at any time and from any location. Get excellent rewards on all overseas purchases and get super-low FX rates.
Automate accounting
Volopay provides cutting-edge integrations that are quick, seamless, and precise. Connect to the world's most popular accounting systems, including Xero, Quickbooks, NetSuite, and more. Before exporting expenditure reports, create custom mapping fields and accounting triggers for all transactions, import charts of accounts, and auto-categorize expense reports.
Explore more about vendor payments
Get to know the 7-step procurement process and how virtual cards can help simplify the process.
Understand the process behind making a vendor payment and how to manage it efficiently.
FAQs on vendor payouts
Through Volopay, companies can process domestic and international vendor payments with unparalleled ease. Simply choose a vendor from the list of existing vendors or create a new one, upload the invoice sent by the vendor, and make the payment.
Processing vendor payments through Volopay is seamless, quick, and easy! All you have to do is upload your invoice, select a vendor or create a new one, and submit the payment for approval. That's it! Once approved, enjoy super fast payment processing domestically and across +130 countries.
Not in the least! Volopay is naturally built to expand with your business. As a result, you may add an unlimited number of suppliers to Volopay for hassle-free vendor administration on one platform.
All transactions are accompanied by the essential information to ensure that the payment is routed to the correct vendor. To ensure that your payment is executed correctly, Volopay automatically imports your chart of accounts, expense categories, and vendor details from your existing accounting software.
Yes! For easy expense management and reporting, all vendor payouts are auto-categorized into their corresponding expense categories. You can quickly import your accounting system's chart of accounts and expenditure categories, as well as establish triggers for any user, vendor, card, department, or GL code.
Certainly! With Volopay's Bill Pay service, you can make cross-border B2B payments in more than 130 countries. You can also make secure payments at POS machines and online purchases using our corporate VISA cards.
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