Skip to main content

Make it easier for SMBs to manage and pay suppliers from a single interface.

An image from the static

Overview

Bill pay integration make's it easier for SMBs to manage and pay their supplier invoices from a single interface with preferential payment methods and terms.

Many SMBs still rely on manual AP functions to run their business. One study shows that as many as 80% of all SMB invoices and 40% of all B2B payments are still settled via paper check. That’s led to a situation where a vast majority (80%) of finance leaders believe their company’s outdated AP process is holding them back and costing their business time and money

Benefits

  • Standardised API

    Faster, simpler and less expensive than building integrations in house.

  • Saves time

    Provides a core need for your small business customers, ultimately saving them time and effort when reconciling their accounts payable data with their accounting software.

  • Increase Retention

    Attract and retain customers by providing them with the type of digital experience and connectivity they have come to expect as consumers

Features

An image from the static

Connect to your SMB's accounting software

Codat handles authorization and linking to your SMB's accounting software and takes into account intricate details such as rate limits.

Retrieve accounts payable invoices

A list of unpaid bills (accounts payable invoices) can be retrieved from the accounting software, in the Accounting API a bill is an itemised record of goods purchased from or services provided by a supplier. Alternatively, Bills can also be created within your application and then synchronised to the accounting software.

Payment account mapping

Once Authorised, you can use the bank accounts endpoint to retrieve a list of accounts which can be mapped enabling the user to dictate which account their payments should be reconciled to.

Payment reconciliation

Once the transaction is completed, a bill payment can then be written to the customers accounting software and reconciled against the bill marking it as paid.

Compatible integrations




Was this page useful?
👏
👍
🤔
👎
😭