SOLUTION
Master Accounts Payable
Automate accounts payable and all of the back-office functions that go along with it, slashing costs and improving processes!
In need of a better way to manage AP?
Processing invoices, dealing with ad hoc requests and making payments to suppliers around the world has become such a task in the corporate world that virtually everybody has an Accounts Payable team. Their work is critical to business success and to the relationships with suppliers, but very often they are the main bottleneck in payments being cleared.
Finverity offers full automation of accounts payable by linking our payment infrastructure to your ERP or accounting system and paying suppliers when invoices reach maturity. You gain access to a dashboard that tracks all invoices and payments in real-time allowing for simple reconciliation. Furthermore, Finverity offers currency exchanges at a fraction of the banking costs and will automatically pay suppliers in their desired currency.
We also know that you don’t want to hold the risk of currency fluctuation. So, our simple and intuitive FX Hedging tool allows you to pre-agree a currency exchange rate for future outgoing payment and ensure that you have 100% certainty of how much needs to be paid. All of it is fully automated… of course!
Benefits
Cost Optimisation
The automation offered by Finverity’s platform means more work can be done by fewer people who require lower levels of support from other business functions. Furthermore, the processes get more efficient as the amount of human error is minimised.
Supplier Loyalty
Paying your suppliers on time and offering them the ability to be paid early keeps them happy and motivated to deliver high-quality goods and services in a timely manner. You can rest assured no payment will be missed so that you never lose a contract from a big supplier or fail to get inventory when it’s most needed.
Easy Implementation
As an official SAP partner and a technology-focused firm, our team has vast experience in ERP and Accounting System integration. We will work with your team to set up the workflow that will minimise disruption to your daily operations and automate processes.
Resources
Finverity launches real-time Credit Data API for SMEs and Corporates in collaboration with ADGM
Finverity solution provides real-time connectivity to 18 accounting packages via quick-integration API, allowing banks & funders to make informed credit decisions.
Broadening the appeal of trade finance as an asset class
Speaking at GTR Mena 2021, Viacheslav Oganezov, co-founder and CEO of supply chain finance (SCF) platform Finverity, outlined how fintech can bring capital into this attractive asset class.
Finverity launches industry-first solution for institutional investors in supply chain finance
As of now, Finverity is the first SCF platform to seamlessly connect both institutional-level funders and fund/asset managers operating their allocations via segregated accounts.