Enterprise payment software is used by large multinational industries to streamline and optimize their payment process. This software helps companies to increase the efficiency of their payment process by reducing payment errors, automating the process of large transactions, and preventing frauds. It is used by the accounts department of any company to verify their payment invoices and for payment tracking. Financial experts also use this software to collect the information of payment from different sources and to analyze the payment process at industry level. Other than accounts, sales and procurement departments are using this software to track the payment records of customers and suppliers.
This software provides compatibility with different portals and mobile applications which allows users to submit invoice copies. The software also enables companies to perform batch processing and payment scheduling. With batch processing, multiple authorized transactions are processed at the same time instead of processing them one by one and charges on every transaction. In payment scheduling, enterprises can schedule the payment process according to payment dates. This software provides an open and real time payment architecture, enabling companies to grow and transform their payment approach.
Key players operating in the enterprise payment software market includes Sage Payment Solutions Inc., Tipalti Solutions Ltd., Bottomline Technologies Inc., Nvoicepay Inc., Aliant Payment Systems Inc., Bill.com Inc., CANOPUS Money Transfer, ConnectPay LLC., CSI Paysystems, Datasoft Group of companies, Elavon, Forte Software Inc., Global Payments Inc., MineralTree Inc., Payline Data Services LLC, Paymetric Inc., Payscout Inc., PayStand Inc., ProPay Inc., WorldRemit Ltd., Thrive Payments, and ACI Worldwide.
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