AP Payments
as a Service for Manufacturing

Save time by focusing on production
rather than making manual payments

The high number of invoices and manual paper-based processes in Manufacturing can be costly. Manufacturers who use Finexio eliminate mountains of paper, lower payment costs, and see all their payables in one clean dashboard, ultimately freeing their accounting team’s time for high-value activities.

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

"57.9% of manufacturing CFOs cite the reason for digitization of AP workflows is to automate manual processes"

- AR/AP Digitization and the Push to Enhance Customer Value, PYMNTS.com

Manufacturing employee working

What is AP Payments as a Service for Manufacturing?

The increasing need for skilled workers combined with labor shortages is a major problem. Finexio’s AP Payments as a Service can solve for this by freeing up your existing accounting staff’s time, even reducing the need to increase headcount as your business grows. In fact, manufacturers are known to save up to 84% of their staff’s time with Finexio, who handles all the work for you upon invoice approval.

People in a warehouse

Optimized Supplier Payments with Payment Delivery & Operations

  • Payment Delivery to 100% of Suppliers – You send us a single payment file from your AP or Manufacturing ERP software, and we streamline the process from there.
  • Comprehensive Payment Options – Immediately benefit from modern electronic payments to suppliers, including virtual cards, ACH, Enhanced ACH, eCheck, and more. Receive rebate benefits from suppliers changing over 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 institution’s AP team.
Learn More
user interface

Dynamic Reporting & Analytics: Visibility Into Your Supplier Payments

  • 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 – We recognize that payment audit trails are important in manufacturing. Finexio’s Portal provides you with full visibility to track down and understand a payment’s lifecycle from start to finish.
Learn More
man wearing suspenders at desk holding cash

Revenue Generating Payments for Your Manufacturing Business

  • Revenue-Generating Electronic Payment Methods – Finexio understands the high importance in helping you drive revenue. We'll nurture high virtual card acceptance and electronic payment adoption without the laborious effort to convert your suppliers.
  • Full Coverage of Payment Methods – Finexio leverages multiple payment methods to match your suppliers to the best payment method and increase revenue for your manufacturing business.
  • High-Touch Supplier Management Team – Finexio’s Supplier Management team uses a friendly approach, combined with data and technology, to drive revenue-generating payment conversion.
Learn More
Man working on a blue machine

Supplier Management:
An Extension of Your Workforce

  • Supplier Payment Communication and Conversion – Your 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 finance team can focus on more value-driven tasks for your manufacturing business.
  • Strong Supplier Relationships – Finexio’s recognizes that you may have established relationships with your suppliers. Our Supplier Management team works to maintain those relationships, which creates long-term success for both you and your suppliers.
Learn More

Streamline Payment
Data Management & Security

  • Payment Data Storage & Security – Supplier 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.
  • 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.
Learn More

Why AP Payments
as a Service for Manufacturing?

The ever-changing landscape of production and distribution increases the need to remodel accounts payable in manufacturing. Manufacturers can benefit from Finexio’s AP Payments as a Service, which eliminates paper checks, manual payment processing, and supplier exception handling, while seamlessly moving payments to secure electronic payment methods.

Reduce Costs

By eliminating manual work, paper checks, and preventing errors. Leverage revenue-generating payments by switching 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.

“SFP and Finexio make it possible to get time back in your day, and money in your pocket.”

- John Kates, CEO of Gallagher Fluid Seals, Inc.

“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

Ready to make AP Payments Robust for Your Manufacturing Business?

Eliminate manual paper-based processes.
Full visibility into payments data.
Build healthy supplier relationships.

Contact Us