How to Simplify Your Accounts Payable Process

Payables are Easy with Simplypay

Simplypay is innovating the way that businesses manage their payables for the better. When banks are in control of the process, businesses are subjected to things like invoice threshold limits, delays while payments clear and numerous fees associated with delays, processing and more.

It hardly seems fair that any institution should have the right to hold up your transaction while the other one charges you for the delay.

It’s no secret that Fintech has been disrupting the financial services industry! Simplypay is a leading example of how and why this kind of disruption is occurring.

Simplypay takes the power and puts it where it should be — in the hands of the business that is paying. Customers of Simplypay enjoy many perks like no invoice threshold limits, payment processing that takes minutes, and low fees — with no surprises.

Let‘s take a closer look at how this service is changing the way payables are done.

True Flexibility and Benefits for Small Businesses

• Faster — Our system doesn’t put your transaction on hold — it is processed in minutes and deposited into your recipients’ account. This will help your business to take advantage of early payment discounts with vendors and keep cash flow moving. It usually takes the recipient’s bank approximately 1- 3 business days to clear funds.
• Easier — Some reasons that Simplypay is easier include: Only entering your recipients’ info once, enjoying quick transactions that don’t hold up your cash flow and the ability to initiate several payments at a time are a few ways that Simplypay makes accounts payable easier. We designed our business with transparency and customer experience in mind. Our platform and our business offers exceptional customer experience to our clients. This is the culmination of many features that we have been and will continue to describe. Your payables should feel fluid under your control — rather than as though they are being blocked at every step by floodgates.

One prime example of how Simplypay makes payables so much easier than a bank is high-value invoices.

If you needed to purchase an asset for your business that was greater than $100K, there would be delays while funds cleared with the bank. With Simplypay there is no threshold limit on high-value invoices. You are free to conduct your business with your capital as you see fit. It makes more sense to let businesses keep doing business so that they can grow faster.

Don’t miss out on opportunities while funds are locked up in the bank ever again.

Likewise, Simplypay makes it easy to keep all of your payroll, vendors and suppliers paid on time all the time. It’s incredible what a business can do when its cash flow is unlocked.

• Safer — Our industry utilizes security tech that is equal to or better than the banks. With everything from standard industry-leading protocols like 2-factor authentication to using tokens to guard data and more. Your security is one of the most important parts of your experience and as such is of the highest importance to us.
• Cheaper — Simplypay saves businesses money in more than one way. Earning early pay discounts, reducing processing, hold and other hidden bank fees and only charging a small fee per transaction means that you are in full control of what you spend on the company’s payables.
• Pay your invoices with a credit card. This is a fantastic feature that really allows you to take advantage of all of the benefits that your business card has to offer. Of course at this point any sensible person is thinking: “What if my vendor doesn’t accept credit card?” — It’s not a problem. We allow businesses to use their credit card to make purchases even if the vendor they are buying from doesn’t accept them!

Technology has been making the lives of people easier ever since it was conceived. Why in this day and age could we not apply that to the world of business payables? With Simplypay, transparency, honesty convenience and finance can all live under the same roof.

Visit our website to learn more about Simplypay. Signing up is 4 steps — as easy as your payables will be with platform.