Streamline accounts payable with VERCYFi as your business process outsource partner

VERCYFi allows customer’s to get out of the payments processing game and maintain the visibility & control they need to run their business. Customer’s have the insight they need to become a management & decision-making group. They have time to think & execute, versus just trying to keep things moving.

Shaping the Future of Accounts Payable

  • 1. Payment Notification

    VERCYFi receives notification to execute vendor payments & verifies funds available while simultaneously scheduling the timing of payment & type (e.g. ACH or Wire & Domestic or International). VERCYFi provides automation in communication & customer visibility across the AP process.

  • 2. Verification & Vendor Matching

    VERCYFi matches vendor details to the requested payments. This includes verification of vendor credentials, payment details, history, account & beneficiary information. Automation & disciplined workflow within the VERCYFi pay platform ensures accuracy & efficiency.

  • 3. Authorization & Security Management

    VERCYFI provides multi-factor authentication & clear accountability rules for the release of funds to vendors. The VERCYFi platform ensures accuracy, auditability & timeliness of payments.

  • 4. Payment Processing

    Vendor payments are executed on the Customer’s behalf. Automation in payment confirmation & exception management are managed in near real time. Includes OFAC reporting, payment reject or undelivered &/or other exception management.

  • 5. Reporting & Compliance

    Once executed, VERCYFi provides proof of payment confirmation, a transaction traceability report & account reconciliation information. Finally, VERCYFi works with you to review future payment forecasts & timing requirements.