DIGITAL PAYMENTS
Send B2B payments to all your suppliers electronically
Vroozi Pay is a secure and modern system that reduces fraud and enables businesses to increase the volume of ePayments. Pay your suppliers the way they prefer, on time and with confidence.
B2B payment
solutions
Support virtual cards, commercial cards, electronic ACH and wires.
Good-bye paper
checks
Save up to 65% in payment processing costs by eliminating paper checks.
International
transfers
Pay international suppliers with speed and confidence.
Hassle-free
payment integration
Integrate Vroozi Pay with your Financial or ERP systems to confirm and reconcile payments.
Automated payment reconciliation
- Automatically connect payments to purchase orders and invoices.
- Maintain control and optimize cash management.
Integrated credit cards
- Provide virtual and/or commercial card options for faster payments and reduced administration for your company.
Payment visibility to suppliers
- Bring instant visibility to suppliers for payment status and updates through the Vroozi Supplier Portal.
Payment security, compliance and controls
- Increase access controls, separate duties and increase due diligence. Start making secure and fully insured digital business payments and reduce fraud and risk.
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B2B Payment FAQ
What is a B2B digital payment service?
Vroozi’s digital business-to-business payment platform streamlines accounts payable and payment processes. It allows businesses to pay domestic and international suppliers electronically using any supported electronic payment method, including ACH transfers, wire transfers, and virtual and commercial credit cards.
Electronic payment reduces the cost and complexity of paying your suppliers. Instead of manually reconciling payments, entering payment information into accounting software, and cutting and mailing checks, B2B digital payments with Vroozi allow you to automate AP invoice processing and payment.
What’s the difference between Vroozi’s B2B payment and AP automation solutions?
Vroozi is a modular system, and Vroozi Pay is one part of our accounts payable invoice automation software, which is itself part of our comprehensive procure-to-pay software.
Vroozi Pay handles ePayments to your suppliers; its integration with Vroozi’s purchase order and invoice automation enables sophisticated features such as two- and three-way invoice matching, payment reconciliation, and straight-through payments (STP) without manual intervention.
How does Vroozi Pay ensure electronic payments are secure?
All transactions are protected by industry-standard encryption, both at rest and in transit. Our systems, infrastructure, and information security controls comply with SOC 1 Type 2 and SOC 2 Type 2. All payments are guaranteed, bonded, and insured.
How does your B2B payment solution help protect against invoice and payment fraud?
Vroozi incorporates invoice and payment fraud prevention measures. Vroozi automates many procure-to-pay processes, but it is guided by custom rulesets and tolerances your organization specifies, alerting your team if requisition order or vendor invoice fields fall outside expected values. Additionally, Vroozi’s 2- and 3-way invoice order matching ensures companies pay for exactly what was delivered and services rendered. Also, invoice verification enforces a company’s supplier master data to ensure we adhere to the company’s master data governance so payments are going to legitimate, vetted suppliers.
Which currencies does Vroozi’s B2B payment solution support?
Vroozi Pay supports all currencies. Companies configure a currency in Vroozi using the ISO currency codes. No matter where your suppliers are, you can pay them using the same straightforward process as domestic suppliers.
Does Vroozi support straight-through processing (STP) and payment for incoming invoices?
Yes, Vroozi can automatically pay invoices. With Vroozi’s procure-to-pay automation, the entire procurement process can be automated. Vroozi’s Marketplace and eProcurement solutions automatically generate requisition orders, route them for approval, and deliver purchase orders to suppliers.
When suppliers invoice, Vroozi captures invoice data, codes it with relevant categories, carries out two- or three-way matching, and sends an electronic payment to the supplier if it passes pre-configured tolerances and fraud checks.
Can Vroozi Pay connect to our current business software?
Yes, Vroozi can integrate and share data with business software, including accounting software, eProcurement platforms, and enterprise resource planning (ERP) platforms.