AP Payments
as a Service for Hospitality

Pairing technology and service in AP payments, so you can focus on the guest experience

The Hospitality industry is always looking to improve and provide top-tier service to all their guests. In the AP Payments as a Service industry, Finexio aligns with this same value to all customers. Hotels who use Finexio drive new efficiencies, increase payment security, optimize cash flow, and receive revenue back on payables. 

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

"81% of companies are investing or planning to invest in their accounts payable systems to improve their business processes."

- Digital Payments Technology: Investing in Payments Systems for the Digital Economy, PYMNTS.com

Hotel guests in lobby

What is AP Payments as a Service for Hospitality?

In the Hospitality industry, AP teams lack access to the necessary payment automation tools, technology and services, which require a lot of coordinated orchestration. Finexio’s AP Payments as a Service solve for this by offering secure, digital AP payment solutions that can be easily implemented, so teams can focus on more value-added business activities. 

hotel concierge

Your Fully Managed Payment Delivery & Operations Concierge

  • Payment Delivery to 100% of Suppliers – You have control when you submit your payments. Send us a single payment file from your AP or hospitality ERP software, and we streamline the process from there. 
  • Comprehensive Payment Options –  Immediately benefit from modern electronic payments to suppliers, including virtual cards, Enhanced ACH, eCheck, and more. Manage cash flow and turn your business into a profit center from suppliers switching to virtual card payments.
  • Trusted Payments Operations Team – Remittance emails are sent out automatically. Our team removes the burden of exception handling, disputes, and manual supplier communication from your hotel's AP team. 
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Dynamic Reporting & Analytics are Included Amenities

  • Centralized Payment Reporting – Our Portal provides insights into which suppliers you are paying, how much, and by what method.
  • Payment Lifecycle Management – Unmatched visibility into supply chain payments that you never had access to before.
  • Audit Trail – In Hospitality, we recognize that reporting is important to your business. Finexio’s Portal provides you with full visibility to track down and understand a payment’s lifecycle from beginning to end.
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Hotel room service

High-Touch Supplier Management:
Room Service for your AP Team

  • Supplier Payment Communication and Conversion – Your finance team can feel supported, 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 finance team can focus on more value-driven tasks for your hotel. 
  • Strong Supplier Relationships – Finexio’s recognizes that you have established relationships with your vendors. Our Supplier Management team works to maintain those positive relationships, which creates long-term success for both you and your suppliers. 
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hotel do not disturb sign

Payment Data Management & Security Puts Your AP Team at Ease

  • Payment Data Storage & Security – Supplier payment account information is securely collected, bank-validated, encrypted, and stored. Accounts have role-based access. 
  • Data Cleaning & Enrichment – Payment data is always up-to-date, robust, and reliable for making fast, accurate payments, and increasing electronic payment conversion. 
  • Safe & Secure Payments – Finexio ensures that payments are going to the correct suppliers. Protect against payment fraud with Finexio, and minimize fraud further with one-time use virtual card methods. 
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man counting money on table

Generate Revenue from Existing Hospitality AP Spend

  • Revenue-Generating Electronic Payment Methods – Benefit from high virtual card acceptance and electronic payment adoption without the manual effort to convert suppliers.
  • Full Coverage of Payment Methods – Finexio leverages multiple payment methods to match your vendors to best payment method and increase revenue at your hotel.
  • High-Touch Supplier Management Team – Finexio's Supplier Management team uses a five-star service approach, combined with data and technology, to drive revenue-generating payment conversion for your hotel.
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Why AP Payments
as a Service for Hospitality?

Whether it’s reconciling statements at the end of the month, or maintaining an audit of historical records, accounts payable is key to every Hospitality business. Hotels can benefit from Finexio’s AP Payments as a Service, which eliminates repetitive manual processing, and delivers faster and more secure electronic payments to your vendors. 

Reduce Costs

By eliminating manual work, paper checks, and preventing errors so suppliers can be paid quickly and efficiently. Leverage revenue-generating payments by switching to suppliers to virtual card payments

Save Time

By removing administrative payment tasks, check-runs, and supplier management, so your AP team can focus on other value-add activities

Gain Visibility & Control

With insight into supplier payments and payment types, reconciliation, and other relevant reporting data.

Prevent Fraud

By reducing payment management liability and removing security burdens caused from poor visibility into payment audit trails. Virtual cards are the most secure form of payment methods that suppliers could be accepting. 

“86% of CFOs consider AR/AP digitization very or extremely important as a strategy to improve customer satisfaction, retention and revenue generation.”

- The Strategic Role of the CFO: How AP and AR Digitization are Transforming Customer Relationships, PYMNTS.com

Ready to make
AP Payments a
5-Star experience for your Hotel chain?

Revenue-generating virtual card payments.
Build and maintain healthy supplier relationships.
Easy to view remittance information.

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