A digital financial platform for Canadian businesses this week released an automated vendor payment functionality. Toronto’s Vault says the new functionality is designed to increase payment accuracy with enhanced accounting software integrations and is set to “transform how businesses manage their payable processes [by] offering a true 2-way sync.”
Businesses can now manage and pay hundreds of bills simultaneously, reducing the time spent processing payments. To further enhance financial control, Vault provides multi-level payment approval workflows, the company says, which ensures all payments comply with internal processes prior to funds being sent to different vendors.
Want to know more? Check out the source code on Fintech.ca.