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PaymentWorks description
PaymentWorks is a cloud-based software that helps mid-sized to large companies onboard and manage their suppliers. It automates the collection and verification of supplier information, reducing errors and the risk of fraud. This helps ensure your business avoids paying fraudulent invoices and stays compliant with regulations. PaymentWorks also helps you convert suppliers to electronic payments, which can save you time and money.
What companies are using PaymentWorks?
Who is PaymentWorks best for
PaymentWorks is a great solution for mid-sized to large companies that want to improve how they onboard and manage suppliers. We find it particularly useful for businesses in finance and higher education. It helps automate the collection and verification of supplier information, cutting down on errors and the risk of fraud, while helping businesses stay compliant and convert suppliers to electronic payments.
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For mid-sized to large companies seeking better control over supplier onboarding and information management.
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Excellent fit for companies in Finance, Banking, and Insurance looking to streamline supplier-related processes.
PaymentWorks features
Supported Sanction Lists Monitoring: Continuous sanction lists monitoring. Check at onboarding time, and monitor throughout the entire supplier lifecycle. |
Supported Up-to-date Tax Docs: Tax docs constantly up-to-date. Vendor controlled input = accurate W9 and 1099 paperwork |
Supported Spend Under Management: Increases spend under management. Spot and stop maverick spend before it happens |
Supported Compliance Documents: Collect compliance documents at time of onboarding. Conflict of interest, insurance, diversity docs in one place |
Supported Pre-Commitment Onboarding: Goodbye, post-commitment POs. Onboard new suppliers before work commences |
Supported Automated Onboarding: No more manual review. Streamline and automate your onboarding and ongoing compliance |
Supported Automated Onboarding: No more manual review. Streamline and automate your onboarding and ongoing compliance |
Supported Ensure Compliance: Reduce risk and protect your institution by ensuring compliance. |
Supported Supplier Self-Service: Empower your suppliers to input their own data. Information is always up-to-date, accurate, and accessible to you. |
PaymentWorks alternatives
SAP Ariba SourcingStreamlines supplier sourcing, bidding, and contracting for better deals.Read more
PaymentWorks FAQ
PaymentWorks is a cloud-based supplier management software. We find it automates supplier onboarding, verification, and compliance, minimizing fraud and errors. It also helps convert suppliers to electronic payments. It's a good option for mid-to-large companies, especially in finance.
What is PaymentWorks and what does PaymentWorks do?
PaymentWorks is a cloud-based supplier management software. We find it automates supplier onboarding, verification, and compliance, minimizing fraud and errors. It also helps convert suppliers to electronic payments. It's a good option for mid-to-large companies, especially in finance.
PaymentWorks integrates with various ERP and accounting systems. We find this improves efficiency by automating data transfer and reducing manual entry. It also works with other compliance tools to streamline monitoring and verification processes.
How does PaymentWorks integrate with other tools?
PaymentWorks integrates with various ERP and accounting systems. We find this improves efficiency by automating data transfer and reducing manual entry. It also works with other compliance tools to streamline monitoring and verification processes.
We find that PaymentWorks' main competitors include Graphite Connect, eftsure, and Vroozi, all of which offer solutions for supplier onboarding and management. Other competitors like SAP Ariba Sourcing, Kodiak Hub, and apexanalytix provide more specialized functionalities in areas such as sourcing, risk management, and fraud prevention.
What the main competitors of PaymentWorks?
We find that PaymentWorks' main competitors include Graphite Connect, eftsure, and Vroozi, all of which offer solutions for supplier onboarding and management. Other competitors like SAP Ariba Sourcing, Kodiak Hub, and apexanalytix provide more specialized functionalities in areas such as sourcing, risk management, and fraud prevention.
Yes, PaymentWorks is a legitimate and safe solution. It receives overwhelmingly positive ratings (5/5 on G2, 4.59/5 on Glassdoor), and boasts growing website traffic and employee count, indicating a healthy and trustworthy company. We believe it's a reliable choice for businesses.
Is PaymentWorks legit?
Yes, PaymentWorks is a legitimate and safe solution. It receives overwhelmingly positive ratings (5/5 on G2, 4.59/5 on Glassdoor), and boasts growing website traffic and employee count, indicating a healthy and trustworthy company. We believe it's a reliable choice for businesses.
I'm sorry, but we don't currently have pricing information available for PaymentWorks. We recommend contacting PaymentWorks directly for the most up-to-date pricing details.
How much does PaymentWorks cost?
I'm sorry, but we don't currently have pricing information available for PaymentWorks. We recommend contacting PaymentWorks directly for the most up-to-date pricing details.
We find that PaymentWorks' customer service receives mixed reviews. Some users praise the efficiency of the platform, while others express frustration with the lack of support and unhelpful responses. Some have even described customer support as "non-existent."
Is PaymentWorks customer service good?
We find that PaymentWorks' customer service receives mixed reviews. Some users praise the efficiency of the platform, while others express frustration with the lack of support and unhelpful responses. Some have even described customer support as "non-existent."
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.
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