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Capability · Payables

Vendor Payments

Approved invoices become on-time payments — securely.

Payment runs propose themselves from approved invoices, optimise for discounts and due dates, and execute through your banks with maker-checker controls and full audit.

See it in a demo Calculate ROI

Quick answer

MyVyay Vendor Payments automates payment-run creation from approved invoices, applies maker-checker controls and bank-account verification, and executes payouts via bank integrations — capturing early-payment discounts on the way.

Vendor Payments

99%
on-time payment rate
1.8%
average discount capture uplift
0
payments to unverified accounts

Capabilities

What Vendor Payments does for you

Smart payment runs

Runs propose themselves from due dates, discounts, and cash-flow rules.

Maker-checker controls

Configurable release approvals with amount thresholds and dual authorisation.

Bank account verification

Penny-drop and registry checks stop payments to unverified or changed accounts.

Multi-bank execution

Host-to-host and API connections to major banks; payout files where needed.

Discount optimisation

Early-payment discounts weighed against working capital automatically.

Vendor remittance

Vendors receive remittance advice automatically; status shows in their portal.

Process

How it works, step by step

01

Propose

Approved invoices assemble into optimised payment runs.

02

Authorise

Maker-checker approvals release the run under your DOA.

03

Execute

Payments flow through bank APIs or generated payout files.

04

Confirm

Bank confirmations reconcile and vendors get remittance advice.

Key takeaways

  • Payment fraud controls — account verification, dual authorisation — are systematic, not procedural.
  • Discount capture becomes possible because invoice cycle times collapse upstream.
  • Vendors stop calling AP because remittance and status are self-serve.
  • Every payment traces back to a matched invoice, PO, and goods receipt.

FAQ

Vendor Payments — frequently asked

Answers our solutions team gives in real evaluations.

How does MyVyay prevent payment fraud?
Bank accounts are verified at vendor onboarding and re-verified on any change, with penny-drop confirmation where available. Payment release requires configurable dual authorisation, and every action is audit-logged.
Which payment methods are supported?
Domestic transfers (NEFT/RTGS/IMPS in India, ACH in the US, SEPA in the EU, FPS in the UK), cross-border wires, and virtual-card payouts — via direct bank integrations or generated files.
Can we optimise for early-payment discounts?
Yes. The run optimiser weighs available discounts against your working-capital policy and proposes which invoices to accelerate, showing the annualised return of each decision.
Does it handle partial payments and holds?
Yes — partial payments, credit-note offsets, disputes, and payment holds are all supported with reasons tracked and vendor notifications automated.

Works with

Stronger together

ERP Integrations

Native, real-time sync with the systems your ledger lives in.

Tax Compliance

GST, VAT, and e-invoicing compliance — handled at capture.

Security & Trust

Enterprise-grade security, verified by independent audit.

Analytics

From spend data to board-ready insight — in real time.

Get started

Your close doesn't have to be a crunch.

See MyVyay run against your policies, your ERP, and your document types — in a 30-minute working session.

Book a demo Run the ROI model

2–4 week implementation · No lock-in · Priced per active user