Corpay today announced the launch of Corpay Complete, a next-generation expense management platform for corporate payments and spending. The payment solution is now available to new customers in the United States and Canada and to eligible existing customers.
Corpay Complete uniquely combines all aspects of expense management and payments into one mobile-ready platform. This integrates corporate cards and expense reimbursements with Accounts Payable (AP) automation and vendor payments in one unified solution.
“Siloed software is fintech’s biggest problem, it drives up costs, slows down collaboration and causes inefficiencies. Through Corpay Complete, we are finally breaking down these silos to give finance teams a more complete and accurate understanding of their payments and working capital,” said Rick Fletcher, Group President at Corpay. “Corpay Complete provides simpler, more efficient spend management at both the field and AP spend levels. No longer do companies have to sacrifice discounts and payment controls for easy-to-use payment approvals that work with their ERP.”
Corpay Complete integrates seamlessly with dozens of ERPs across industries, including major ERPs like NetSuite, Sage and Microsoft Dynamics.
The Corpay Complete platform provides a central hub with a single user interface that can be accessed by multiple profiles, from finance managers to business managers to general employees, with customized access and workflow rules for each profile. This simplifies the corporate expense process by integrating a wide range of functions, including:
- Purchase Order (PO) Automation: Mobile requisitions and approvals allow users to request and approve POs on the go.
- Invoice Automation: Artificial intelligence and machine learning technology automatically extracts data from invoices and matches them to POs.
- Vendor Management: Vendor portal allows vendors to easily upload documents and check invoice payment status.
- Payments: One payment file processing is pulled directly from customer ERP systems, allowing vendor payments by any method – ACH, check or virtual card.
- Corporate Card: Customized checks for all types of spending and industry-leading cash rebates tailored to your shopping needs and cash flow.
- Virtual Cards: Single-use cards locked to a certain dollar amount for paying suppliers or for use by employees in the field, supported by a network of 3M+ merchants.
- Expense management: OCR technology automatically matches receipts to card transactions, simplifying expense reporting and generation.
- US & International Payments: Integration with all US banks and cross-border payments in over 200 countries.