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Batch Payments Simplified

Streamline financial operations by executing batch payments directly from ProcurementExpress.com

*Fully-featured, 7-day trial, NO credit card required
Beta User 1
Finance Manager
"I absolutely love batch payments. No more AP headaches for me!"
Beta User 2
Accounts Payable
"With Batch Payments, our purchasing process is seamless"
Beta User 3
CFO
"Batch Payments makes my monthly vendor settlements so easy"

Recognise these Payment Challenges?

Overwhelmed by time consuming, manual payment execution?

Experiencing risk and uncertainty in your current payment process?

Grappling with disorganized invoice tracking and payment verification?

Dealing with delays and inaccuracies in payment status updates?

Unlock the Power of Batch Payments
with ProcurementExpress.com

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Batch Payments: Boosting Efficiency, Enhancing Payment Accuracy

Batch Builder

Select invoices for payment and automatically generate a batch so it's ready for payment execution.

Batch History

Get complete visibility of payment operations with a list of created, ready, and executed batches

Batch Execution

Upload batches to OFX, and let the payments roll out. Mark the batch as executed, and watch your POs and invoices automatically update.

Enhanced Supplier Info

With Batch Payments active, supplier profiles now include crucial payment details for seamless and secure transaction execution.

It integrates with your favourite apps...

Batch Payments FAQs

At ProcurementExpress.com, your funds are held in a ringfenced manner by reputable custodian banks. OFX (our FX payments partner) does not directly hold or have access to your funds. This arrangement ensures that your funds are securely held and safeguarded by trusted financial institutions, providing an extra layer of protection.

The time it takes for your funds to arrive after converting currency depends on various factors, including the currency pair involved, the receiving bank, and any intermediary processes. However, OFX strives to deliver your funds on the same day as the currency conversion in most cases. This ensures that your converted funds reach their intended recipient promptly, facilitating efficient international transactions.

When you convert currency with OFX through ProcurementExpress.com, there are no additional charges or fees apart from the exchange rate. OFX offers highly competitive exchange rates that closely reflect the mid-market rate. This means that the rate at which you convert your currency equates exactly to the corresponding amount of currency you will receive. By providing transparent and fee-free services, OFX aims to offer cost-effective solutions for your currency conversion needs.

OFX primarily works with small and medium-sized enterprises (SMEs). These can include businesses of various industries, such as importers, exporters, e-commerce platforms, freelancers, and international service providers. OFX understands the unique foreign exchange requirements of SMEs and offers tailored solutions to help them manage their currency conversions efficiently.

OFX is regulated in 55 jurisdictions worldwide. These regulatory bodies ensure that OFX adheres to strict standards and compliance measures to protect the interests of its customers. As for currencies, OFX supports over 100 different currencies, including major global currencies such as USD, EUR, GBP, AUD, CAD, and JPY, as well as a wide range of exotic currencies. This broad coverage enables customers at ProcurementExpress.com to transact in various currencies and easily access global markets.

Yes, OFX provides the option for eligible ProcurementExpress.com customers to set up credit lines. This allows you to lock in forward contracts to manage your foreign exchange exposure more effectively. Forward contracts provide the ability to secure an exchange rate for future currency conversions, allowing you to mitigate potential currency fluctuations and better plan your financial transactions.

OFX offers both online and in-person support to cater to your needs. The online platform provides a convenient and user-friendly interface for you to initiate and manage your currency conversions. Additionally, OFX has a dedicated customer service team available 24/7 to provide support via phone, email, or online chat. Whether you prefer the convenience of online interactions or require personalized assistance, OFX is committed to delivering excellent customer support throughout your currency conversion process.

...and is rated by our customers as the
leading purchasing software

G2 Award Badge 2022

Hassle Free Batch Payments

Test drive ProcurementExpress.com on a 10 PO Free Trial today and see the difference it can make for your team