Accounts payable software provider SquareWorks Consulting has released a new payments capability for accounts payable teams.
The service is designed to facilitate the management and payment of international vendors directly through the users’ ERP system, supporting international ACH transactions.
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SquareWorks Payment Automation offers domestic payment options such as ACH and check payments, integrating into a single solution.
The features include the provision of real-time exchange rates and the ability to track payments, enabling SWIFT wire payments to more than 200 countries and includes built-in compliance features to meet the vendor onboarding requirements specific to each country.
Additionally, International Payments is designed to work in tandem with Invoice AI, which helps in the extraction and processing of invoice data across different formats and currencies.
When used in conjunction with SquareWorks Automate, the service is equipped to offer end-to-end automation for the entire accounts payable process.
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By GlobalDataSquareWorks Consulting CEO Bernardo Enciso said: “Our newest offering is designed to complete our holistic approach to payments, keeping all payments inside the ERP.
“By ensuring our payment solution includes both digital payments and checks included in our new global approach, we can provide our customers with a suite that meets all of their needs. Payment Automation and our new international capabilities are designed to be as multi-faceted as the financial operations our customers encounter daily.”
SquareWorks Consulting’s portfolio, including the Automate platform, focuses on providing financial automation and AI-enabled features.
