The AI-driven virtual card solution

SmartPay multiplies the value of virtual card programs – boosting uptake which increases working capital and rebate benefits

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Win-win with "pay on day X"

SmartPay intelligence is a win-win technology for virtual cards that pays suppliers early, protects your working capital and maximises rebates

Up to three days working capital released

Averaged over your entire Accounts Payable book

Better value proposition

Suppliers get paid ~45 days earlier than traditional virtual cards, for the same fee

You pay later

No need to settle until your card statement becomes due

Data driven

SmartPay uses your ERP data to make payment decisions as early as possible without impacting your working capital

Leverage your credit

Use your line-of-credit and AI to create value for you and your suppliers that increases program size and popularity

Parallel working

No change to your existing invoice approval processes, our AI works alongside your team

WIN – WIN

You increase your DPO and rebates

Suppliers decrease their DSO

How the system works

Virtual cards can be a great solution for buyers that want to simplify their payment handling for small to medium sized suppliers. SmartPay technology makes the supplier proposition more attractive, they still pay the card fee but get paid earlier as well.

Revenue boost

Convert expensive payment methods to cards that yield a rebate

%

of all invoices paid early

Fast decisions

Each invoice is assesed and a payment decision made within seconds

0.02%
of adjustments need human intervention

Prevising solutions

Our AI checks if future adjustments are likely, and also forecasts if we can auto-recover funds if an invoice is disputed or changes.

Enhance security

Use dynamically generated, unique account numbers with layers of controls to secure your supplier payments. No need to hold and manage supplier bank account details.

Some of the considerations and issues the SmartPay AI checks for

History

Duplicates, misallocation and incorrect or invalid entry/due dates

Traits

Whether an invoice's characteristics fit this supplier

Recovery

Default risk and clawback/offsetting contingency in case of adjustments

Quality

OCR or data entry error rates

Get started today​

Connectivity, data harmony and actionable insights underpinned with AI and multi-party intelligence. Proven and secure enough to be trusted to authorize payments pre-approval.

Choose your location

UK

including EMEA and APAC
Visit our UK site

USA

including North and South America
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