Simple Implementation in as Little as 30 Days

• Seamlessly and securely integrate with your existing accounting system with no business interruption.

• VenPay receives a payment file directly from your accounting system, and we customize our programming to fit your needs— requiring less IT time.

• Our program accepts CSV files from most accounting systems.

• No software downloads or system changes necessary.

Improve Efficiencies and Reduce Costs

• Automating payables can reduce invoice processing time by up to 80%¹.

• Consolidate card, check and ACH payments into a single process that can be easily managed.

• Through its efficient process, VenPay allows you to optimize your accounts payable resources.

• Case Studies show that invoice processing without automation can cost almost 2x as much as invoice processing with automation.

¹Aberdeen Case Study

Manage Cash Flow and Increase Rebates

• Our vendor enrollment campaign can increase the number of suppliers accepting credit card payments, which boosts your rebate.

• Maximizing card spend can increase cash on hand, freeing up capital for other ventures.

Visibility Into Payments

• Our easy to use portal displays the status of invoice payments processed through VenPay.

• Vendors can easily view the status of their payments through the vendor portal, enhancing communication between you and your vendor.

• Reporting functionality makes reconciliation quick and efficient.

• Daily reconciliation files can be securely received directly into your accounting system.

Reduce Errors & Enhance Security

• Moving to electronic payment methods can reduce fraud by up to 65%.²

• VenPay reduces errors by eliminating manual payment processing.

• Exact Match provides enhanced control over your card payments by preventing unauthorized charges from posting to your accounts.

• VenPay can also support your Positive Pay process to help guard against check fraud.

• Increasing automation can decrease the error rate of vendor invoice payments from 4.0% to 3.1% when automation was increased.

²Case Study: Automating Healthcare Supplier Payments by NACHA

Single File Payment Processing

• Payment instructions are facilitated with one consolidated file.

• Multiple payment methods offer flexibility – Virtual Cards, ACH, and check payments available.

• The VenPay support team will work with you and your vendors to select the best payment option.

• Companies who switched from a low level of automation to a high level had employees who were able to process almost 4x the amount of invoices per month.

¹Aberdeen Case Study