FISPAN

Reads all bills in open and approved status from the ERP or accounting software and lists them for payment selection

Pays selected bills from a chosen source bank account and automatically closes them

Stores vendor bank account information in the ERP or Companion Portal and sets a default payment method

Stores vendor email addresses for automated remittance advice emails

Closes paid bills automatically in the ERP

Reopens the bill and reverses the payment record when a payment fails validation or is rejected by the bank; only the failed payment in a batch is routed back

Embeds bank payment workflows in Oracle NetSuite, Sage Intacct, Microsoft Dynamics 365 Business Central, QuickBooks Online, Xero and Workday

Also supports Sage 50 Accounting, Sage 100 and Sage 100 Contractor

Vendor approvals workflow lets entitled users approve or reject changes to vendor bank account information

Payment initiation limited to roles or users granted permission by the system administrator

Posts payment status back to the ERP or accounting software, closing bills on payment and reversing the payment record on failure

Removes the need for manual payments, file uploads and journal entries for vendor bill payments

Extracts data from checks printed in the ERP and transmits a positive pay file to the bank for the check run

Shows positive pay transmission status