Corporate Bulk Payment Solution

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Corporate Bulk Payment Solution

Bulk Payments Service is a simple, convenient, and secure way to make regular payments such as wages, expenses and supplier payments.

Managed via Online for Business, the service is ideal for companies that wish to make up to 25 payments in one batch or a lot of payments through an upload

Features and benefits

  • Determine the date of each payment yourself.
  • Set up payments from 2 to 30 business days in advance.
  • Stay in control of your payments via a full audit trail.
  • Potentially reduce your bank charges by using the Bulk Payments Service instead of cheques.

Our Partners

If you are in business in the following sectors, then these services will suit you:
  • Banks
  • Microfinance
  • Retail furniture stores
  • Mobile and computers
  • Life insurance policy
  • Funeral companies
  • Credit unions
  • Pensions funds
  • Medical aid providers

Problems it’s solving

  • Saves time and money.
  • Eliminates manual entry and human errors.
  • Eliminates information management challenges - One stop reporting.
  • Eliminates Complicated bills process - Purchase orders start at various levels in a large organisation. These may require the approval of several authorities. When there’s several departments involved and the chain of approvers is long, things not only get complicated but also slow down the payment process and drive up the costs of internal communication. A purchase order may end up passing through 5-6 people and the information can distort in the process, leading to decisions based on inaccurate data.
  • Eliminates late payments to suppliers - Late payment to suppliers can have bitter consequences. The supplier may block your account or you may be penalised for late payments. At the very least, it will damage your reputation and trust. Similarly, duplicate payments may impact the cash flow and have a negative effect on the credibility of your finance function. The common reason for this is missed payments, duplicate payments or manual payments to suppliers who are set on direct debit. Our system eliminates late payments and duplicate payments thereby maintaining your reputation and trust.
  • Reconciliations.
  • Integration to accounting packages and ERP systems.

Our Partners (what they say)

Our Partners

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