Corpay Automated Intelligent Vendor Management User Guide
- June 16, 2024
- Corpay
Table of Contents
Corpay Automated Intelligent Vendor Management
Vendor Portal
Automated, Intelligent Vendor Management
Corpay’s vendor portal offers a simplified approach to vendor management by
facilitating streamlined onboarding, reducing the need for manual data entry,
and enhancing transparency. With our portal, your AP team can easily
communicate
with vendors, all while vendors can conveniently update their data and access
transaction history themselves.
BENEFITS
- Markedly shorten due diligence processes
- Spend less time on vendor communication
- Provide real-time visibility of all invoice and payment statuses
- Store all sensitive data in a secure, controlled environment
- Increase control over entire vendor portfolio
Improve Efficiency
Maximize efficiency and streamline workflows by empowering vendors to handle the majority of the onboarding process. Vendors can conveniently complete essential tasks like filling out W-4 and W-8BEN forms, providing contact and mailing information, and confirming banking details at their leisure. Additionally, your team can enhance efficiency by communicating directly with vendors within the portal. Easily send inquiries regarding invoices with a simple click, and receive timely notifications when vendors respond. All conversation history is conveniently stored in this centralized system, ensuring easy access and organized record-keeping.
Reduce Costs
Automating vendor management processes frees up AP resources, which means your
employees can focus on other value-added initiatives. Vendors can add or
update their information at any time, which alleviates the need for employees
to follow up on outdated data.
Mitigate Fraud
Our cloud-based portal serves as a central repository for all communications
and payment history. Never again go searching for records or receipts — it’s
all securely stored in the same system, creating a clear audit trail. Plus,
eliminate the need for manual data entry, which is prone to human error.
Implement to Your Needs
Our tier 1 bank integrations and ERP-agnostic solutions allow for expedited
implementation processes. No need for disjointed systems or manual data entry.
Even more, our in-house implementation teams ensure minimal IT involvement and
ongoing support.
Experience Convenience in Real Time
From Procure-to-Pay, We’ve Got You Covered
Corpay Procure-to-Pay includes our vendor management solution, along with our
payments automation, purchase order (with punch out capabilities), receiving,
budgeting, accruals, invoice automation, corporate card, and expense reporting
solutions. Seamlessly pair this solution with any of our other offerings to
further streamline your AP workflows and optimize the way your business pays,
all from one dynamic system.
About Corpay
Corpay is a global leader in business payments, helping companies of all sizes
better track, manage, and pay their expenses. Corpay provides customers with a
comprehensive suite of online payment solutions including Bill Payment, AP
Automation, Cross-Border Payments, Currency Risk Management, and Commercial
Card Programs. As the #1 B2B commercial Mastercard® issuer in North America,
Corpay handles over a billion transactions each year. Corpay is part of the
FLEETCOR (NYSE: FLT) portfolio of brands. To learn more visit
www.corpay.com.
- Corpay Procure-to-Pay Vendor Portal | Rev 2 | 07/23 | © 2023 Corpay. All rights reserved. | corpay.com