Transform AP into a profit center
Save time, strengthen security, and unlock new revenue streams through virtual card rebates and quick-pay discounts by transitioning to secure electronic payments.
PAYMENTS
Effortlessly pay suppliers, eliminate fraud, and gain total visibility
Say goodbye to payment headaches. Unimarket Payments offers a smarter, automated solution that simplifies your entire payment process, cuts down on manual tasks, and virtually eliminates risk for your organization.
Take the pain out of payments.
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Unimarket is the source-to-pay solution of choice for:
The features to make payments easy.
Make payments easier and safer—automate the entire process to reduce manual effort and protect your organization from risk.
Identify savings and revenue opportunities
Analyze your payments to uncover ways to save and earn more.
- Analyze your supplier relationships to see exactly who you’re paying, how much you’re spending, and when payments are made.
- Identify suppliers who can switch to more cost-effective methods like electronic payments, reducing unnecessary expenses.
- Calculate potential savings by cutting out costly check payments.
- Estimate the additional revenue you could earn through virtual card rebates and early payment discounts.
Outsource your payment processing
Simply send us your payment file, and we take care of the rest.
- Remove the effort and risk of processing payments within your organization.
- We handle it all—from printing and mailing checks to initiating electronic payments, reconciling transactions, and managing exceptions.
- With our secure data collection, validation, and storage, your organization can step away from the risks of handling electronic payment details.
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Process
How Unimarket Payments works
1. Spend analysis
We analyze your spend to identify savings and revenue opportunities.
2. Supplier onboarding
We work directly with your suppliers to onboard them for electronic payment.
3. Payment processing
You send us your payment files, and we will handle everything from there.
Payment fraud prevention & security
Protect your payments with robust validation, screening, and monitoring.
- Ensure secure transactions with advanced fraud detection that monitors payment activities in real time.
- Benefit from multi-layered authentication to protect against unauthorized access and reduce payment risks.
- Safeguard sensitive data with robust encryption and secure storage, keeping your organization compliant and secure.
- Detect anomalies early with AI-driven analysis, helping prevent fraud before it impacts your business.
WHITE PAPER
Enhancing Enterprise Risk Management with the Payment Risk Score (PRS).
A white paper that explores how the Payment Risk Score (PRS) can be integrated into an ERM strategy, providing a systematic approach to assessing and mitigating payment risks across various methods.
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Turn-key supplier onboarding, vetting & communication
We work directly with your suppliers to onboard them for electronic payment.
- Streamline supplier onboarding with an automated system that quickly verifies and sets up new suppliers.
- Reduce administrative burdens by consolidating supplier data and payment preferences in one centralized platform.
- Enhance compliance and security with comprehensive verification and validation processes for each supplier.
- Foster stronger supplier relationships by providing reliable, timely payments and transparent communication.
RESULTS
Reduce cost and manual work.
50%
Reduction in AP payment costs or more.
100%
Identifies, delivers, and supports 100% of supplier payments.
100%
of supplier conversion and communication is managed.
Book a demo
Ready to see how the Unimarket can help you simplify payments? Schedule a demo with one of our eProcurement experts today.
A payments solution your entire team will love.
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Download the brochure
Learn more about the benefits of Unimarket Payments and how it works. Download the PDF brochure now.
FAQs
How does Unimarket streamline supplier onboarding for payments?
Unimarket offers an automated supplier onboarding system that simplifies and accelerates payment setup, ensuring new suppliers can be onboarded quickly and efficiently, reducing delays in supplier payments.
Can Unimarket Payments reduce administrative tasks in payment processing?
Yes, Unimarket Payments consolidates supplier data and payment preferences in a centralized system, significantly reducing the administrative workload involved in payment processing and improving operational efficiency.
How does Unimarket enhance security and compliance in payment management?
Unimarket’s payment management includes comprehensive verification and validation processes, which enhance security, mitigate payment risks, and ensure compliance with industry standards.
What are the benefits of using Unimarket Payments for supplier payments?
Unimarket Payments ensures reliable and timely supplier payments, helping to strengthen supplier relationships. The platform also provides transparent payment tracking and communication, improving trust with suppliers.
How does Unimarket Payments handle supplier payment preferences?
Unimarket Payments collects and manages supplier payment preferences within a centralized platform, simplifying payment processing by adapting to individual supplier needs.
Explore our full range of source-to-pay solutions.
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From chaos to clarity, spend management transformed.
Are you ready to streamline your source-to-pay processes?