Streamline, automate, and pay vendors on time
With Volopay's Bill Pay system, you can easily set up, schedule, and automate payouts to vendors, whether domestic or international. Our innovative vendor payment software allows you to send payments worldwide at significantly reduced foreign exchange (FX) rates. Save time and money with early payments.
Easy cross border B2B payments
Our vendor payment software provides money transfer capabilities across 130+ countries utilizing both SWIFT as well as non-SWIFT payment channels at the best exchange rates. Unlike traditional payment channels that may take days to send money overseas, vendor payouts are finalized and reflected almost instantly on Volopay.
Automate and schedule vendor payouts
Stop adding vendor payment reminders to your calendar. With Bill Pay for invoice processing, Volopay enables you to automate and schedule payments in advance for all merchants across the world.
Instead of manually paying recurring subscriptions, use our vendor payment management software to automate subscription administration.
Track every dollar that leaves your company
Hundreds of businesses lose millions of dollars each year as a result of several payment methods that hide unnecessary spending. Volopay uses a single platform to handle, track, and manage all purchase orders and invoices. Real-time visibility into the where, when, and why of each payment. With an expense management system that genuinely works for you, you'll have unrivaled site-wide transparency.
Create custom multi-level approvals
By implementing the company's spending policy into our vendor payment software, you can ensure that it is followed across the company, at all times. Set up multi-level approvals to double-check transactions before they're processed. Block merchants to prevent unauthorized payments, or only allow certain merchants to be paid. To optimize the approval procedure and speed up the vendor payout process, assign numerous approvers at each level.
Experience advanced vendor management
Using our comprehensive vendor invoice management system, you can manage vendors near and distant. In a matter of seconds, you can create, process, and pay invoices. On the go, add and remove vendors from your vendor list. All paid invoices from the vendor payment management software are synced and updated to the accounting system of your choice using Volopay's seamless connections. Reconcile bills with inventory and automate payments with a single click.
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
Why Volopay?
We have been consistently rated at the top as a leader in AP automation, expense management, and procurement by our customers.
We are committed to provide modern financial solutions to startups and enterprises with the best customer experience and smooth implementation across your organization ensuring compliance and productivity.
Learn more about our vendor payment automation software
Volopay combines approvals, corporate cards, bill payments, expense reimbursements and accounting automation into one single platform.
Virtual cards
Volopay's unlimited VISA virtual cards, which offer a wide range of functionalities and security measures, can be used to replace unprotected and limited company cards. One-time and trial payments can both be made with burner cards. Create recurring cards to keep track of SaaS subscriptions. Earn points for every online FX purchase.
Invoice management
Volopay has comprehensive invoice processing that collects, tracks, and pays all invoices, whether domestic or cross-border B2B payments, on a single platform. Take advantage of early payment discounts, and more by scheduling and automating payments.
Multi-level approvals
Stop chasing down invoice approvals from supervisors and administrators. Within our platform, you may set up multi-level approval workflows and handle payments on the go. At each level, appoint numerous approvers. Boost visibility and transparency across the organisation.
Domestic money transfers
Control, track and manage all forms of expenses from a single platform. Send money to local vendors and staff in seconds. Create bespoke approval workflows to swiftly and efficiently validate invoices.
International money transfers
Pay vendors and employees all over the world in an incredibly quick, secure, and cost-effective manner. Manage vendor payments and remittances from a centralized vendor payment automation software that is accessible at any time and from any location. Get super-low FX rates and a seamless experience sending money abroad.
Automate accounting
Volopay provides cutting-edge integrations that are quick, seamless, and precise. Connect to the world's most popular accounting systems, including Xero, Quickbooks, NetSuite, and more. Before exporting expenditure reports, create custom mapping fields and accounting triggers for all transactions, import charts of accounts, and auto-categorize expense reports.
Explore more about vendor payments
Get to know the 7-step procurement process and how virtual cards can help simplify the process.
Understand the process behind making a vendor payment and how to manage it efficiently.
Bring Volopay to your business
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FAQs on vendor payouts
Through Volopay, companies can process domestic and international vendor payments with unparalleled ease. Simply choose a vendor from the list of existing vendors or create a new one, upload the invoice sent by the vendor, and make the payment.
Processing vendor payments through Volopay is seamless, quick, and easy! All you have to do is upload your invoice, select a vendor or create a new one, and submit the payment for approval. That's it! Once approved, enjoy super fast payment processing domestically and across +130 countries.
Not in the least! Volopay is naturally built to expand with your business. As a result, you may add an unlimited number of suppliers to Volopay for hassle-free vendor administration on one platform.
All transactions are accompanied by the essential information to ensure that the payment is routed to the correct vendor. To ensure that your payment is executed correctly, Volopay automatically imports your chart of accounts, expense categories, and vendor details from your existing accounting software.
Yes! For easy expense management and reporting, all vendor payouts are auto-categorized into their corresponding expense categories. You can quickly import your accounting system's chart of accounts and expenditure categories, as well as establish triggers for any user, vendor, card, department, or GL code.
Certainly! With Volopay's Bill Pay service, you can make cross-border B2B payments in more than 130 countries. You can also make secure payments at POS machines and online purchases using our corporate VISA cards.