Fintech agency Plastiq introduced the launch of its new money circulate administration software program Plastiq Pay, which will likely be marketed primarily to small and midsized enterprise entities.
The brand new product contains:
- Bill information seize that allows routinely creating and sending payments to distributors;
- Group workflow instruments for invoice routing, approvals and compliance;
- Computerized two-way sync for integration with QuickBooks On-line, Xero and Sage Intacct (integrations to Oracle Netsuite and Freshbooks are anticipated later);
- A money circulate dashboard, permitting customers to see all card and checking account balances and obtain actionable data comparable to funds due, approvals required, and fee technique suggestions;
- Brief-term financing for vendor funds, permitting customers to increase the time period of a fee with out making use of for a financial institution mortgage; and,
- A cell app to entry the aforementioned options.
“Plastiq’s fee automation options are constructed for CFOs that wish to upskill their groups, get individuals out of mundane and guide work, give attention to extra significant finance perform optimization, and cut back value with a extra elegant, trendy payables platform,” stated Plastiq chief monetary officer Amir Jafari, in a press release.