International payments streamlined through Verto's groundbreaking Accounts Payable solution
Verto Introduces Accounts Payable Solution for Global Businesses
Verto, a leading financial technology company, has launched a new accounts payable solution designed to streamline and simplify the management of international business payments for companies with high invoice volumes.
The solution, available to all Verto customers globally, aims to address the challenges businesses face when navigating the foreign exchange landscape and managing multi-currency payments. By automating processes, it provides businesses with greater visibility, stronger controls, and seamless payee management at scale.
The new accounts payable solution offers several key features. It automates invoice processing, reducing manual errors and speeding up the approval workflow. Supporting 49 currencies, it allows for seamless handling of global invoices. Moreover, it offers competitive foreign exchange rates, making cross-border payments more cost-effective.
The solution integrates fully into Verto’s global B2B payments platform, enabling a streamlined, end-to-end accounts payable process within a single system. Direct payments from uploaded invoices are a feature of the new solution, aiming to speed up the process.
Automated data extraction and pre-filled payment forms are also included to reduce manual entry and errors. The solution tackles common pain points such as tedious data entry, multi-currency payments, and human error.
The new accounts payable solution is particularly beneficial for businesses operating across Africa and other global markets, where high invoice volumes and international operations are common. By simplifying workflows, reducing costs, and enhancing accuracy in managing global supplier payments, it helps businesses save an average of 9.9 hours per week, amounting to over 500 hours annually.
The solution also integrates with Verto's Exchange Now features and is part of the Verto Accounts product. With this launch, Verto continues to demonstrate its commitment to providing innovative solutions that help businesses manage their finances more efficiently.
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- This new accounts payable solution by Verto, a fintech company, targets the finance industry by streamlining the management of international business payments for companies dealing with high invoice volumes, especially beneficial for businesses operating across Africa.
- By introducing this fintech solution, Verto aims to address the challenges faced by businesses in the business sector when dealing with foreign exchange landscapes, multi-currency payments, tedious data entry, and human errors, offering competitive foreign exchange rates and automating invoice processing.
