Paymerang
Paymerang offers a cloud-based finance automation platform that serves multiple industries with solutions like Invoice Automation, Payment Automation, and Receivables Automation, integrating with over 80 ERP systems.
Services
Paymerang offers a comprehensive suite of finance automation products. These include Invoice Automation, Purchase Order Automation, Payment Automation, Receivables Automation, KwikPayables for GP, and SimplyAP for BC. Their platform leverages cloud-based technology powered by artificial intelligence and machine learning to automate financial processes. The solutions aim to reduce paper usage, fraud risks, and operating costs while increasing efficiency and accuracy.
Industries Served
Paymerang serves a wide range of industries. Their solutions are utilized in Architecture & Engineering, Banking, Higher Education, Hospitality, Hospitals, K-12, Manufacturing, Media, Mortgage, Non-profit, Physician Offices, Public Sector, and Senior Living. This diverse clientele benefits from Paymerang’s tailored automation solutions designed to enhance financial operations across various sectors.
Payment Automation
Paymerang's Payment Automation solution streamlines the entire payment process from vendor enrollment to reconciliation and follow-up. The platform can be implemented in less than 10 hours, saving departments 80% of time on payment processing. Features include automated remittance and reconciliation, encrypted account data, and two-factor authentication for enhanced security. Businesses using the platform can also earn cash-back rewards through virtual cards for each payment.
Invoice Automation
Paymerang’s Invoice Automation technology employs artificial intelligence to capture, read, and route invoices, providing an electronic paper trail. This solution saves up to 80% of an organization's time by processing five invoices in the time it takes to process one manually. The platform offers instant access to all invoices and their approval statuses, enhancing both visibility and efficiency in financial operations.
Integration and Compliance
Paymerang's platform integrates with over 80 Enterprise Resource Planning (ERP) systems, including Blackbaud, QuickBooks, Microsoft Dynamics GP, Sage, Oracle NetSuite, and Workday. Compliance certifications include NACHA, SOC-2, and PCI, ensuring secure and reliable financial processes. The platform also supports role-based controls, allowing Accounts Payable leaders visibility and control from anywhere at any time.