Benefitting from many years in the industry, Invapay is a simple and efficient trading and payment platform which enables businesses to order from and pay all vendors, including those in the long tail of ad-hoc or one time only vendors.
This means that if your organisation processes thousands of one time only, small invoices - these can be turned into one Invapay. Doing so rapidly reduces processing costs, drives PO compliance and instantly expands an orgainisation's P-Card leverage
In fact, the process is similar to the way in which PayPal™ works for the consumer market, but
Invapay has been developed specifically as a business-to-business solution which:
- Allows buyers to convert their P-Card program to a P2P program including goods receipting functionality
- Allows the buyer to place electronic orders with vendors
- Allows the vendor to receive payment direct into their bank
- Provides the buyer full level 3 line item detail
For the buyer the cost of setting up multiple one time only vendors is reduced and the Master Supplier File
is streamlined, creating an improved compliance-friendly environment.
For vendors Invapay accepts payments on their behalf, including card payments, making it possible
to leverage a much underused P-card credit line.