Integrations

Payable: Payment Operations Software

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Daniel Yubi

Companies expend huge amounts of effort and money building payment operations. Today, treasury and finance teams have to become quite large to manage their payments.

This is not just a problem for traditional organisations; we’ve heard this is happening everywhere from listed companies to start-ups. They are using a tangled web of spreadsheets to track and make payments. That’s insane.

Look, there are 8k+ Payment Operations Jobs just in the UK, and 80 added every week.

Image of Payment Operation Jobs
Payment Operations Jobs

Trillions of dollars travel through our economy each day, yet companies are making sense of it with outdated products.

That’s why we started Payable.

Finance teams and operations are often neglected when needing engineering time to create tooling and automate their reporting and payments infrastructure. Product teams can't build fintech products to enable new experiences because they need the finance team .

Software for Payment Reconciliation and Moving Money

Instead, complex spreadsheets are spun up and finance operations teams are expanded. Daily downloads of bank transactions are matched with payment providers’ records, or companies just hope for the best when completing their month-end reporting.

The cost and effort of integrating with a TMS or ERP is unnecessarily high for the majority of businesses, but the current solution of completing business-critical transaction reconciliation and cash balancing by long, manual matching processes and a dash of good faith is not okay for modern tech companies today.

No solutions out there cover all the banks, wallets and payment service providers companies are using to run their business. We are here to change that.

We are building a solution that hits the sweet spot. No onerous integrations, real-time data from the providers that matter to you, and it’s easily accessible by anyone in your organisation.

Get in touch to see what we’re building!

Daniel Yubi

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Cash Management

Mastering 13-week direct cash flow forecasts

26 Mar 2024

Knowing how your cash flow will behave in the future is crucial for the success and sustainability of any company. One way to achieve this is through the use of a 13-week direct cash flow forecast, which provides a detailed projection of a company's inflows and outflows over a specific time period.

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Cash Management

What to keep in mind when preparing daily cash position report for multiple entities and currencies

29 Feb 2024

If you've ever experienced the panic of opening an operating cash flow or bank account and realising you might miss your payroll, then chances are, you understand the importance of accurate and timely cash reporting.


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© 2024 Payable Ltd. All rights reserved. Payable is acting as an agent of TrueLayer, who is providing the regulated Account Information Service, and is Authorised and Regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011 (Firm Reference Number: 901096)

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