KORMOSKI AND ASSOCIATES CORPAY SAGE AUTOMATIONS
Corpay Payments Automation & Virtual Card: The Corpay^ Payments Automation solution and Virtual Payment MasterCard are compatible with many construction ERP systems, including: • AccuBuild • Dexter & Chaney • ProfitTool • Street Smarts • Sage 300 CRE • Sage Intacct
Corpay combines innovative software with seamless payment execution, giving you the power to control spend. As the #1 B2B commercial Mastercard® issuer in North America, Corpay helps businesses mitigate clients’ risk of payment fraud by enrolling suppliers, independently collecting their payment remittance information, and safeguarding in-network payments.
Corpay Payments Automation:
Electronic workflow for all your payment types
Corpay Payments Automation enables comprehensive automation for all payments, including Virtual Card benefits, for businesses of all sizes.
Corpay Payments Automation simplifies your payments process by combining all check, ACH, and card transactions into one file. Our customized, ERP-agnostic solution maximizes your working capital, provides unlimited rebates, and saves you time and money by consolidating all your vendor payments into a single workflow.
1). Submit a payment file – Upload a payment file or connect via your ERP
2). Corpay pays vendors – Corpay sends payments via check, ACH, or virtual card on your behalf
3). Easy reconciliation – Portal reflects the remittances sent on company’s behalf
Why use Payments Automation?
- Earn monthly rebates on virtual card spending Corpay pays out $800M in card rebates annually1.
- Cut costs by reducing paper check payments. Save the average cost of $31 per business check2.
- Streamline your AP process and save team time with a single automated workflow.
- Outsource data management and vendor support tasks.
- Mitigate fraud with safer virtual card payments and comprehensive security infrastructure for all payments.
Download PDF Payments Automation
Training Videos
- Corpay offers an explainer video and a full demonstration video of the Payments Automation solution:
Corpay Virtual Card:
Reduce the cost of manual check processing and turn your accounts payable into a revenue generator!
Corpay Virtual Card keeps you in control of your payment process. Our single-use virtual MasterCard® enables you to send secure payments to your suppliers. Gain visibility, reduce risk, and earn a rebate on your payments with Corpay Virtual Card.
How it works
Corpay Virtual Cards are ideal for mid- to large-size companies focused on achieving business process efficiency, cost savings, and incremental margin improvement. The process begins by submitting a payables disbursement file to Corpay. Virtual Card numbers are generated electronically for each vendor payment and delivered to suppliers / vendors via an associated e-mail remittance advice. The payment can be processed as any other MasterCard account number, and the supplier receives settlement within 24-48 hours. Corpay then returns the transaction files and tracks the payments, reconciles transactions, manages data, and accesses detailed remittances all via a user-friendly portal, saving you time and reducing errors.
1). Your company submits a payment file
2). Corpay creates a card number
3). Your vendor processes the payment
4). Corpay returns the transaction files
5). Your company reconciles payment
Why use Corpay Virtual Card?
- #1 B2B commercial Mastercard® issuer in North America.
- $36B in virtual card payments processed annually1, 30% of all virtual Mastercard volume.
- Gain visibility by shifting 1099 reporting on vendor card payments while also enhancing payment security and mitigating fraud risk.
- 3.8M vendors in our virtual card network.
- Earn monthly rebates on virtual card spending. Corpay pays out $800M in card rebates annually3.
OUR GOAL : K&A's goal is to provide cost effective software & technology solutions that improve the efficiency & profitability of your construction and service business. Our years of experience and consultative philosophy has provided us with the knowledge and reputation needed to help companies like yours get to the next level.