Columbus, Ohio (December 11, 2024) AP Automation company, PaperTrl, is pleased to announce the release of a new integrated payables solution, PaperTrl Integrated Payables, a complete solution for B2B payments that enables organizations to efficiently process ACH, virtual card, and check in volume by sharing a single file.

PaperTrl Integrated Payables simplifies payment delivery through direct funding—enabled by embedded banking. While most B2B payment providers require prefunding up to seven to ten days prior to the due date, PaperTrl’s direct funding model allows organizations to pay their bills on the cadence they have always had, directly from their bank account. “We want AP teams to have the flexibility to make payments however and whenever they need to without having to worry about hidden fees or delays,” said Steve Weber, CEO of PaperTrl. “With legacy AP solutions, interest on your funds or check float would be lost due to the need to make payments early. PaperTrl customers can hold onto their cash longer, optimizing cashflow.”

The need for secure payments is growing rapidly as check fraud numbers rise each year and more companies lose funds as a result, with the Federal Reserve reporting the following: “Banks issued about 680,000 reports of check fraud in 2022, nearly double what they reported in 2021.” The Financial Crimes Enforcement Network (FinCEN) further reported a “nationwide surge in check fraud schemes targeting the U.S. Mail.” PaperTrl supports Positive Pay as a built-in feature, simplifying its implementation. PaperTrl also supports check alternatives such as ACH and virtual card, which bypass the U.S. Mail.

“Fraud prevention is built into every step of how PaperTrl handles payments,” said Weber. “Alongside the security benefits of direct funding, PaperTrl makes it easy to implement and use Positive Pay, digital payments, and dual-control approvals, so you can choose the best tools for your company’s fraud protection strategy.”

PaperTrl Integrated Payables enables companies to process payments with these features:

  • Integrates with organizations’ existing or preferred bank
  • Supports multiple funding accounts across multiple banks
  • Enables payments with virtual card, ACH, check, and wire
  • Eliminates prefunding for all payment types
  • Uploads all payment instructions with a single, simple CSV file
  • Provides vendor onboarding for virtual card and ACH

“Embedded banking sets the stage for the next era of payments,” said Shilpa Marano, COO of PaperTrl. “It’s fast, secure, and puts businesses in command of their financial flow. This is about establishing a payments framework that enhances vendor relationships and prioritizes customer control without emphasizing one payment method over another.”

About PaperTrl

PaperTrl is a fully integrated, cloud-based AP automation software solution that helps organizations simplify and streamline the entire AP process, from purchasing to payments. Through a user-friendly, cloud-based application, PaperTrl empowers purchasing and AP professionals to more efficiently and effectively issue purchase orders, track PO receipts, process bills, and make payments from anywhere. PaperTrl automates time-consuming tasks like approvals, PO/bill matching, reconciliation, and integration into your accounting system, so you have more time to focus on the bigger picture.