Why companies choose Finexio over PaymentWorks for Supplier Management and Making Payments

Efficient Onboarding. Amazing Support. Profitable Payments.

Finexio, a leading provider of Accounts Payable (AP) Payments as a Service, is focused on enabling end-to-end business payment capabilities in mid-market and enterprise organizations and provides embedded AP Payments as a Service for its partners in AP, procurement software, and banks. Finexio’s service offerings include fully managed payments delivery and operations, high-touch supplier enablement powered by machine learning capabilities, as well as our robust reporting and analytics.
We outperform competitor guarantees by a landslide by delivering 2-3x average industry virtual card adoption rates, generating revenue for your business.

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A trusted partner of some of the largest financial institutions, procurement, and accounts payable software.

What Makes Finexio Different?

PaymentWorks is known to be a digital platform for automating supplier onboarding and maintenance, requiring customers to still have to work with a bank or payments provider to process B2B payments. But why settle for less, when you can get the best? Finexio’s fully managed AP Payments as a Service is the best choice focused on onboarding suppliers, as well as optimizing and delivering secure payments.

Compare Finexio to Banks
for B2B Payments

PaymentWorks helps companies with supplier onboarding, but when businesses tell us it’s time to streamline the delivery of payments, comprehensive payment options, and ongoing supplier campaigns, they ensure their payments provider is Finexio. Finexio uses machine learning and AI technology to help guide campaigns and education methods to suppliers, so you can generate the most revenue off your existing AP spend.

Finexio

PaymentWorks

PAYMENT DELIVERY

Immediately take advantage of modern electronic payments

Offers same-day enhanced ACH payments

Offers Printed Checks with Positive Pay

Matches each supplier to the right comprehensive payment option for them, such as virtual card, ACH, Enhanced ACH, eChecks, Paper Checks, and Wire Transfer

Payments team in place to handle payment exceptions and delivery of payments

Shorter payment day holds and fast processing times

SUPPLIER MANAGEMENT

Implements and performs supplier onboarding strategies

Communicates the value of electronic payments with correct-size outreach and analysis

Campaign-driven machine learning data & technology approach to ongoing supplier conversion to virtual card

All-size company suppliers are targeted and 100% of spend managed

PAYMENT FRAUD PREVENTION & SECURITY

Visibility & transparency into security framework around organizational, platform, network & database, & payment method security

Highly secure and reliable infrastructure within Amazon Web Services (AWS)

24/7 monitoring and response protects application from unauthorized access

Organizational SOC 2 Type 1 & 2 Certifications in place

Security support for supplier change information, such as address and banking information

Transparency into use of Account Validation Services (AVS), Know Your Customer (KYC), OFAC Sanctions Screening, AML Compliance Transaction Monitoring Tools

Payments handled by in-house payments team or processed directly through the Portal to decrease fraud risk

REPORTING & ANALYTICS

Buyer & Supplier web-based Portal

Data transparency of supplier details along with tools to analyze and report on supplier activity

Rich payment remittance data and robust reporting capabilities

MONETIZING AP PAYMENTS

Targets all supplier payments including the "long-tail"

Multi-channel supplier outreach

Strategic supplier enablement that builds trust with suppliers

Competitive client revenue share

woman wearing a sweater counting money at a desk

Multiple Payment Options

Finexio offers virtual card, FinexioExpress, ACH, eChecks, Paper Checks with Positive Pay, and wire transfers as forms of payment.

Finexio analyzes supplier payment history to identify the best method of payment based on our data from our proprietary supplier network and relationship with card suppliers, creating an optimized payments mix matching the right payment method to the right supplier.

business team member happy and clapping during meeting

Comprehensive Approach to Onboarding

Finexio offers a streamlined implementation process, allowing customers to start making payments within weeks, not months.

Our in-house account management, payment operations and supplier enablement teams help modernize our customer’s AP operations from start to finish.

Finexio’s support team and Help Center are readily available to assist with any questions about our products and services.

Best-in-Class Supplier Enablement & Customer Operations Team

All supplier enrollment and preferences are handled by Finexio’s in-house supplier enablement team, and not just during onboarding.

No need to worry about who to reach out to when you have a question about a payment.

Receive More Revenue Share

Finexio is in business to help our customers and partners to gain a new stream of revenue for their business.

We focus on moving suppliers over to virtual card, which is the safest and most revenue-generating payment to produce revenue off your existing accounts payable spend

Finexio is Here to Ensure Your Steps to Success

Unlock access to our unparalleled support services

Implementation Support

Our dedicated implementation team will guide you every step of the way for a seamless onboarding process. Our specialists are readily available to ensure we hit the ground running as a team.

Strategic Account Management

Your strategic account manager is your trusted payments partner. We’ll help you get onboarded, be your advocate, tune into your feedback, and be excited to share expert advice to best optimize your AP payments.

Customer Support
& Help Center

Receive fast, top-tier support and prompt responses to all payment inquiries or questions about the Finexio Portal and reporting. The Help Center includes FAQs and supporting articles to best assist you and your business.

“Finexio is a game-changer. The service and onboarding process were a big part of our success and helping our suppliers get on the right payment methods.”

-Daniel Condon, CFO at Phoenix Stamping

What Makes Finexio Different?

Multiple Payment Options

Comprehensive Approach to Onboarding

Best-in-Class Supplier Enablement and Customer Operations Teams

More Revenue Share

Compare Finexio to Banks for B2B Payments

Finexio

PaymentWorks

PAYMENT DELIVERY

Immediately take advantage of modern electronic payments

Offers same-day enhanced ACH payments

Offers Printed Checks with Positive Pay

Matches each supplier to the right comprehensive payment option for them, such as virtual card, ACH, Enhanced ACH, eChecks, Paper Checks, and Wire Transfer

Payments team in place to handle payment exceptions and delivery of payments

Shorter payment day holds and fast processing times

SUPPLIER MANAGEMENT

Implements and performs supplier onboarding strategies

Communicates the value of electronic payments with correct-size outreach and analysis

Campaign-driven machine learning data & technology approach to ongoing supplier conversion to virtual card

All-size company suppliers are targeted and 100% of spend managed

PAYMENT FRAUD PREVENTION & SECURITY

Visibility & transparency into security framework around organizational, platform, network & database, & payment method security

Highly secure and reliable infrastructure within Amazon Web Services (AWS)

24/7 monitoring and response protects application from unauthorized access

Organizational SOC 2 Type 1 & 2 Certifications in place

Security support for supplier change information, such as address and banking information

Transparency into use of Account Validation Services (AVS), Know Your Customer (KYC), OFAC Sanctions Screening, AML Compliance Transaction Monitoring Tools

Payments handled by in-house payments team or processed directly through the Portal to decrease fraud risk

REPORTING & ANALYTICS

Buyer & Supplier web-based Portal

Data transparency of supplier details along with tools to analyze and report on supplier activity

Rich payment remittance data and robust reporting capabilities

MONETIZING AP PAYMENTS

Targets all supplier payments including the "long-tail"

Multi-channel supplier outreach

Strategic supplier enablement that builds trust with suppliers

Competitive client revenue share

Multiple Payment Options

Comprehensive Approach to Onboarding

Best-in-Class Supplier Enablement & Customer Operations Team

Receive More Revenue Share

Finexio is Here to Ensure Your Steps to Success

Implementation Support

Strategic Account Management

Customer Support& Help Center

“Finexio is a game-changer. The service and onboarding process were a big part of our success and helping our suppliers get on the right payment methods.”

Finexio: The Obvious Choice for Payments as a Service

Compare Finexio to Banks
for B2B Payments

Customer Support
& Help Center