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Corpay provides Concur Invoice clients access to their world-class Payments Automation and Virtual Card solutions. Corpay gives companies the power to control spend and helps mitigate risk of payment fraud by enrolling suppliers, independently collecting payment remittance information, and safeguarding in-network payments.

Corpay Payments Automation enables comprehensive automation for all payments, including Virtual Cards, for businesses of all sizes.

CORPAY SOLUTIONS:

Payments Automation

Corpay Payments Automation simplifies the payments process by combining all check, ACH, and card transactions into one file. The customized, ERP-agnostic solution maximizes working capital, provides unlimited rebates, and saves you time and money by consolidating all your vendor payments into a single workflow.

The basic Payments Automation process:

1. Submit a payment file – Upload a payment file or connect via your ERP
2. Corpay pays vendors – Sends payments via check, ACH, or virtual card on your behalf
3. Easy reconciliation – Portal reflects the remittances sent on company’s behalf

Why use Payments Automation?

• Earn monthly rebates on virtual card spending. Corpay pays out $800M in card rebates annually.
• Cut costs by reducing paper check payments. Save an average $31 per business check.
• Streamline your AP process and save team time with a single automated workflow.
• Outsource data management and vendor support tasks.
• Mitigate fraud with safer virtual card payments and comprehensive security infrastructure for all payments.

Corpay Virtual Card

Reduce the cost of manual check processing and turn your accounts payable into a revenue generator. Single-use virtual Mastercards® enable you to send secure payments to your suppliers. Gain visibility, reduce risk, and earn a rebate on your payments.

The basic Virtual Card process:

1. Your company submits a payment file
2. Corpay creates a card number
3. Your vendor processes the payment
4. Corpay returns the transaction files
5. Your company reconciles payment

Why use Corpay Virtual Card?

• #1 B2B commercial Mastercard issuer in North America.
• $36B in virtual card payments processed annually, 30% of all virtual Mastercard volume.
• Gain visibility by shifting 1099 reporting on vendor card payments while enhancing payment security and mitigating fraud risk.
• 3.8M virtual card network vendors.
• Earn monthly rebates on virtual card spending.

Click the Request Information button to learn more about Corpay’s integration with Concur Invoice.