Modernize accounts payable in GP by taking advantage of Mekorma’s outsourced payment services.
You keep control of who gets paid and when – we’ll take care of how.
How does it work?
Build
Easily create payment batches for all your GP companies using the Payment Hub Action Board’s robotic processing automation.
Approve
Notify approvers that transactions need their review. Approvals can be completed in Dynamics GP or on our remote payment app, PowerApprovals.
Pay
In one click, the Mekorma ePayment connector will send a payment file from your ERP directly to one of our AP service providers. Secure payments will be sent on your behalf via virtual credit card, EFT / ACH, wire transfer or check, according to vendor preference.
Who is it for?
Enhanced ePayments is for financial executives, accounting professionals and accounts payable leaders who want to:
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Streamline the vendor payment process
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Reduce processing costs
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Improve operational efficiency
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Work remotely with greater ease
Mekorma's ePayment workflow
Benefits of the Enhanced ePayment Solution
Increased Efficiency
Easy Vendor
Management
Complete
ERP Integration
Reduce Risk and
Maintain Control
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Eliminate the need to manually print, fold, stamp and mail paper checks
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Send one file for all payment types
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Capture more early payment discounts
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The ePayment service provider maintains a full-service team to enroll your vendors to accept electronic payment types
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Vendor payment preferences are maintained and updated through the service provider’s continuous outreach program
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Vendors have the freedom to choose what payment types they will accept
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The Enhanced ePayment connector is fully integrated with Dynamics GP and Mekorma software, so you can continue your AP process with familiar functionality – minus the need to print payments
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Dynamics GP remains the system of record for all your payments, erasing synchronization issues related to voided payments
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The service provider takes on the liability for payments made through their system
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Less checks printed means less opportunity for check fraud
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Signing checks is replaced with a digital approval workflow, ensuring invoices and payments are reviewed / approved before they can be paid
FAQs
Can we still print checks locally if needed?
Yes, you can do this in one of three ways:
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Print voucher checks (AKA transaction checks)
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Designate individual vendors to always have checks generated locally. Payments for those vendors will be automatically split off into their own batch
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Temporarily disable the ePayment connector so that payment batches are not sent to the outsource provider
What does the Vendor Enrollment team do for us?
Our payment providers maintain a team of professionals who:
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Continuously enroll your vendors in electronic payment types
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Maintain vendor banking information
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Perform Office of Foreign Assets Control (OFAC) screening
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Manage vendor inquiries
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Follow up on unprocessed payments
How does reconciliation in GP work?
Every payment is treated as a check in Dynamics GP. The outsource provider will pull funds from your account so payments are fully funded when sent to your vendors – they all clear right away.
How will we maintain control if we’re not signing checks?
Mekorma Payment Hub’s secure approval workflow enables administrators to configure an electronic workflow that follows the same rules as your manual approval process.
Approvers can review and approve payments within a designated threshold range in Dynamics GP or on Mekorma’s mobile approval app, PowerApprovals. Payments cannot be sent to the outsource engine until approvals have been completed by the appropriate people.
How long does it take to implement the ePayment solution?
Implementation can take up to 30 days.
Our ePayment solution partners:
Join one of our experts for a free AP assessment. We’ll determine which payment outsource provider will work best for your business: