Close the loop on the payables process with payments automation

Organizations have started investing in automating the front-end of the procure-to-pay cycle with electronic invoicing and automated workflow. But many still rely on manual processes when it comes to payments. Until recently, organizations have been hesitant to automate the payment process owing to concerns around the ability to integrate a payments solution with their back-end accounting systems and lack of supplier participation.

ADP makes payments automation simple, reducing costs, increasing controls and lowering barriers for suppliers. ADP Payments integrates seamlessly with your financial and accounting systems and delivers the flexibility of paying approved invoices either via check or ACH. ADP Payments is also tightly integrated with ADP’s invoice automation application, offering an end-to-end solution from invoice to payment from a single platform.

Complete functionality to manage entire payments process:

• Easy and intuitive interface for buyers and suppliers to maintain their information within the system, including banking details.
• Automatically create and schedule payments against approved invoices according to pre-defined supplier payment terms and supplier-selected payment methods.
• Integrate negotiated early payment discount terms of dynamic discounts when scheduling payments.
• Support for check and ACH payments enables you to transact with all your suppliers from a single source.

Maintain complete control over all your payments:

• ADP Payments delivers comprehensive functionality to initiate, control and monitor the payment of all approved invoices.
• Efficiently manage cash flow positions and investment decisions by monitoring payment statuses in real-time.
• Change payment details and dates as needed, applying credits, putting transactions on hold and releasing them for payment.
• Leverage the tight integration with accounting applications to easily post or export payment data to external systems for reporting and analysis.

Keep suppliers connected through self-service capabilities:

• All payment statuses are saved and associated with the relevant invoices and can be used by suppliers for transaction search and retrieval.
• Provide complete remittance information to suppliers, including all details related to the invoice and payment to facilitate easy reconciliation of payments.
• Suppliers gain complete visibility into invoice and payment status, virtually eliminating inquiries.