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PaymentWorks description
PaymentWorks is a cloud-based software that helps mid-sized to large companies onboard and manage their suppliers. It automates the collection and verification of supplier information, reducing errors and the risk of fraud. This helps ensure your business avoids paying fraudulent invoices and stays compliant with regulations. PaymentWorks also helps you convert suppliers to electronic payments, which can save you time and money.
What companies are using PaymentWorks?
Who is PaymentWorks best for
PaymentWorks automates supplier onboarding and management, reducing fraud and ensuring compliance. It streamlines the collection and verification of supplier information, enabling electronic payments. Ideal for mid-sized to large companies in finance and higher education looking to improve vendor management.
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Best for medium to large businesses (101+ employees).
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Particularly well-suited for the finance and higher education industries.
PaymentWorks features
Supported PaymentWorks provides continuous monitoring of sanction lists throughout the supplier lifecycle, including checks at onboarding. |
Supported PaymentWorks enables vendors to maintain their own tax information, resulting in accurate and current W9 and 1099 documents. |
Supported PaymentWorks helps organizations gain better control over spending, enabling them to spot and stop maverick spend. |
Supported PaymentWorks facilitates the collection of various compliance documents during supplier onboarding, including conflict of interest, insurance, and diversity documents. |
Supported With PaymentWorks, organizations can onboard suppliers before work begins, avoiding the need for post-commitment purchase orders. |
Supported PaymentWorks automates supplier onboarding, minimizing manual review and ensuring efficient ongoing compliance. |
Supported PaymentWorks assists organizations in mitigating risk and maintaining compliance through automation and streamlined processes. |
PaymentWorks alternatives
SAP Ariba SourcingStreamlines supplier sourcing, bidding, and contracting for better deals.Read more
PaymentWorks FAQ
PaymentWorks is a cloud-based supplier management software that automates onboarding, verifies supplier information, and helps ensure compliance. It reduces fraud risk, facilitates electronic payments, and streamlines vendor management for mid-sized to large businesses, particularly in finance and higher education.
What is PaymentWorks and what does PaymentWorks do?
PaymentWorks is a cloud-based supplier management software that automates onboarding, verifies supplier information, and helps ensure compliance. It reduces fraud risk, facilitates electronic payments, and streamlines vendor management for mid-sized to large businesses, particularly in finance and higher education.
PaymentWorks integrates with various ERP and accounting systems. It also facilitates electronic payments, though specific integration details are limited. For deeper insights into specific integrations, contacting PaymentWorks directly is recommended.
How does PaymentWorks integrate with other tools?
PaymentWorks integrates with various ERP and accounting systems. It also facilitates electronic payments, though specific integration details are limited. For deeper insights into specific integrations, contacting PaymentWorks directly is recommended.
PaymentWorks's top competitors include Graphite Connect, eftsure, Vroozi, SAP Ariba Sourcing, Kodiak Hub, and apexanalytix. These alternatives offer similar functionalities such as supplier onboarding, risk management, and spend control.
What the main competitors of PaymentWorks?
PaymentWorks's top competitors include Graphite Connect, eftsure, Vroozi, SAP Ariba Sourcing, Kodiak Hub, and apexanalytix. These alternatives offer similar functionalities such as supplier onboarding, risk management, and spend control.
Yes, PaymentWorks is a legitimate and safe cloud-based vendor management software. It automates supplier onboarding, verifies information, and helps ensure compliance, reducing the risk of fraud. PaymentWorks has positive ratings on G2 and Glassdoor.
Is PaymentWorks legit?
Yes, PaymentWorks is a legitimate and safe cloud-based vendor management software. It automates supplier onboarding, verifies information, and helps ensure compliance, reducing the risk of fraud. PaymentWorks has positive ratings on G2 and Glassdoor.
I couldn't find pricing details for PaymentWorks. For the most current pricing information, it's best to contact PaymentWorks directly or visit their website.
How much does PaymentWorks cost?
I couldn't find pricing details for PaymentWorks. For the most current pricing information, it's best to contact PaymentWorks directly or visit their website.
PaymentWorks customer support receives mixed reviews. Some users appreciate the streamlined onboarding and fraud protection features, while others express frustration with the lack of phone support and unhelpful responses to complex issues. Some users have experienced very poor support, while others haven't needed to contact support.
Is PaymentWorks customer service good?
PaymentWorks customer support receives mixed reviews. Some users appreciate the streamlined onboarding and fraud protection features, while others express frustration with the lack of phone support and unhelpful responses to complex issues. Some users have experienced very poor support, while others haven't needed to contact support.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.