AP Payments
as a Service for Higher Education

Save time and eliminate fraud risk
for an academically bright future

In higher education, resources can come at a high cost with little reward. Luckily, Finexio offers a done-for-you fully managed AP Payments as a Service solution for colleges and universities while eliminating manual processes, lowering payment costs, and preventing fraudulent payments.

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

“58.7% of educational institutions consider their own payment operations to be less effective than they could be."

- Assessing the Digital Gaps in Business Payment Flows from PYMNTS.com

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What is AP Payments as a Service for Higher Education?

Large colleges and universities use Finexio’s AP Payments as a Service solution to drive electronic payment adoption and improve vendor and student payment experiences. Finexio provides your school with increased security measures, faster settlement of payments, cost savings, and more transparency around reporting details than ever before.

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Collegiate Payment Data Management & Security

  • Payment Data Storage & Security – Vendor or student payment account information is securely collected, bank-validated, encrypted, and stored.
  • Data Cleaning & Enrichment – Payment data is always up-to-date, robust, and reliable for making fast, accurate payments, and increasing electronic payment conversion, especially through virtual card.
  • Safe & Secure Payments – Fraud is a huge problem facing education institutions today. Protect against payment fraud with Finexio, without investing in other complex and costly processes.
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Fully Managed Payment Delivery & Operations for your Institution

  • Payment Delivery to 100% of Your Suppliers & Students – You send us a single payment file from your AP or Higher Education ERP software, and we take it from there.
  • Comprehensive Payment Options – Immediately benefit from modern electronic payments to students and suppliers, including virtual cards, ACH, Enhanced ACH, eCheck, and more.
  • Trusted Payments Operations Team – We remove the burden of exception handling, disputes, and manual supplier communication from your institution’s AP team. Automated and proactive checks and balances ensure your payments to your students or vendors are settled.
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Supplier Management: An Extension of your Institution’s AP Team

  • Supplier Payment Communication and Conversion – Your institution’s finance team can feel at ease, knowing Finexio’s team has ongoing electronic payment conversion and communication to 100% of your suppliers and spend, regardless of payment method preference.
  • Data-Backed Supplier Management – We leverage proprietary data and technology to optimize electronic payment conversion for you, so your institution’s team can focus on more value-driven tasks for your school.
  • Strong Supplier Relationships – Finexio’s Supplier Management team adapts to changes in vendor preferences, which creates long-term success for both your institution and the supplier.
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Dynamic Reporting & Analytics: Keep Track of Your Institution's Payments

  • Centralized Payment Reporting – Insight into which vendors and students you’re paying, how much, and by what method.
  • Payment Lifecycle Management – Unmatched visibility into educational payments that you never had access to before.
  • Audit Trail – In education, audit trails are important. Receive full visibility to track down and understand the payment’s lifecycle.
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Revenue Generating Payments for
Your Institution

  • Revenue-Generating Electronic Payment Methods – Benefit from high virtual card acceptance and electronic payment adoption without the laborious effort to convert vendors or students.
  • Full Coverage of Payment Methods – Finexio leverages multiple payment methods to match your students and suppliers to the best payment method.
  • Supplier Management Team – Finexio’s Supplier Management team uses a white-glove service approach, combined with data and technology, to balance preferred payment method with driving virtual card conversion for your college or university.
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Why Higher Education Needs AP Payments as a Service

College and Universities can rapidly experience the benefits of electronic payments with Finexio’s AP Payments as a Service, a compete payments solution that spearheads value for your school’s finance teams.

Prevent Fraud

By reducing payment management liability and removing security burdens caused from check fraud or poor visibility of payment audit trails

Reduce Costs

By eliminating manual work, paper checks, and preventing errors so students and suppliers can be paid quickly and efficiently

Save Time

By removing administrative payment tasks and supplier management, so your institution’s team can focus on students or more value-add activities

Gain Visibility & Control

By gaining insight into reconciliation, reporting and visibility into student or vendor payments

“We welcome the opportunity to partner with Finexio to create back office and payment efficiencies for Amherst and our suppliers.”

- Kevin Weinman, CFO of Amherst College

Ready to make AP Payments an A+ for Your School?

Increase payment security.
Maximize revenue and cash flow.
Minimal effort with a "done-for-you" service.

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