Pay vendors quickly and easily with accounts payable software
Automate accounts payable software to manage payables in your company. All vendor payments and expense reports can be easily managed using Volopay's Bill Pay feature, which includes accounts payable automation.
You can keep track of all pending payments, report on those that have been processed, and even schedule payments to prevent missing deadlines. Automate your accounts payable process to save time and money.
Trusted by finance teams at startups to enterprises.
Streamline invoice processing
Submit an invoice to the platform, and a bill will be generated automatically. To ensure that there is no mismatch between what has to be paid and what is being issued, our accounts payable automation software uses a multi-level approval procedure to review invoice payments. Receipts are attached as soon as the payment is made, and all data is included in the spending reports.
Efficient vendor management
With the best accounts payable software Philippines has to offer, you can quickly manage and add vendors. Vendors can create their own accounts, which eliminates the need to ask for payment details every time you make a payment.
Early payments earn you discounts and savings, making payment deadlines more manageable. A single dashboard for reconciliation and vendor tracking.
Real-time expense tracking
When you pay suppliers, the money is promptly logged on the platform. Whether you're paying with one of your Bill Pay wallets or one of your custom cards, everything happens in real time.
The accounts payable automation software groups all vendor information so you may filter and review it whenever you want. From the PO until the final receipt, everything happens swiftly.
Easy and quick vendor payments
You can design and assign virtual corporate cards to employees that will expire once the vendor receives payment. You can set up a reload cycle on the card as well as a payment limit to avoid any losses if you're making a recurring payment to a vendor. Bill Pay wallets can also be used to make payments in advance.
Custom multi-level approval workflows
Payments to vendors can go through multi-level approval processes using workflows defined by you using the maker-checker function in our accounts payable automation software. Before any money is withdrawn from your account in this way, multiple people are in charge of validating a payment.
What is the most enjoyable aspect? You can create auto-decline rules for payments that don't follow your company's spend regulations.
Lowest possible FX rates
Make cross-border payments to merchants and workers in more than 130 countries with our accounts payable software. Multi-currency wallets are supported, allowing you to manage your finances with ease.
You also benefit from low currency rates, making payments more cost-effective.
Financial stack for business
No more switching between multiple bank accounts and tools to run your smart business. We have combined great software with every service you are using a bank for, to produce a state-of-the-art financial platform.
Empower your employees with physical and virtual cards
Manage and track every dollar that leaves your company
Open a global account with multi-currency payments.
Manage vendors, approve invoices and automate payments.
Save hours daily, and close your books faster every month.
Integrate with the all the tools and software that you use daily.
Learn more about our accounts payable software
Invoice management and processing, vendor management and payouts, corporate cards, reimbursements, approvals systems, and accounting automation are all managed using our accounts payable automation software in Philippines.
Invoice management
You can keep track of your bills with this easy-to-use, modern accounts payable software. You may pay any vendor in any country thanks to improved invoice verification and payment synchronisation. Invoices can be manually uploaded, attached to emails, or sent straight from accounting. The process is sped considerably by using OCR technology.
Vendor payouts
Volopay corporate cards and automated accounts payable software in Philippines make it simple to pay vendors. You can easily manage multiple currencies and make payments from anywhere in the world. On time, at a cheaper cost, and with real-time data for reporting convenience. Nothing goes ignored, and everything is more swiftly resolved.
Automated accounting
Switching between accounting systems is no longer necessary. You can easily integrate your accounting software with the Volopay platform. As a result, your accounting system will immediately upload all of your recorded expenses for quicker reconciliation. It takes longer to manually collect data, statements, and sheets than it does to close books. Our accounts payable automation software in Philippines allows you to close books 10 times faster by integrating with Zoho, Tally, Xero, Deskera, Netsuite, Quickbooks, and MYOB.
FAQs on accounts payable
To eliminate incorrect data and fraud, Volopay offers two-way and three-way matching verification solutions for accounts payable transactions. Invoices and bills (and, if necessary, receipts) can all be matched to ensure that everything is in order. If desired, POs can be attached as extra papers to the fourth level of verification.
Volopay allows you to accelerate each step of the accounts payable process, resulting in a more efficient overall system. You can automate expense reporting, gather invoice data, set up payments, build approval lists, and automate expense reporting. Furthermore, using a credit card earns you rewards, and FX transactions are less expensive. Not only is your system superior, but it is also more cost-effective. Above all, a well-functioning accounts payable software improves your vendor relationships.
Integrate with popular accounting software in Philippines such as Xero, Netsuite, Deskera, Quickbooks, and MYOB. You can still export the files if you don't use any accounting software by building templates that satisfy your software's requirements.
Yes, OCR (optical character recognition) technology is used in Volopay's accounts payable software. Any invoice submitted to the system has its line data automatically entered into the report, removing the need to manually transfer data from the receipt image/file to the data fields. If your accounting software receives invoices directly, you can connect it to Volopay and have the data collected there. You can have invoices automatically forwarded to Volopay for upload if they arrive as email attachments.
Vendor payments done through our platform are more quicker and easier than bank wire transfers. Domestic payments and payments made without utilising SWIFT (from local accounts) are processed in a matter of hours. Depending on the vendor's country and bank, international payments processed over the SWIFT network can take up to two working days to process. You can make advance payments to avoid any last-minute problems.
Yes! Volopay can be used to make payments both within the Philippines and internationally. You can use a multi-currency wallet to hold funds in currencies other than PHP. You'll save money on foreign exchange and remittance costs with these options, and you'll be able to send money to over 130 countries.
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