HOW IT WORKS
How Mass Payments Work
1
Upload payment instructions
2
Validate beneficiary information
3
Apply approval workflows
4
Submit payment batch
5
Track payment status and reporting
USE CASES
Industry Scenarios
Monthly Creditor Runs
Process large volumes of supplier payments quickly and accurately.
Intercompany Payments
Manage internal transfers across multiple business entities.
Expense Reimbursements
Disburse employee reimbursements in bulk
Vendor Settlements
Automate regular supplier and contractor payments.
WHY VERISEAL
Benefits of Mass Payments
BUSINESS VALUE
Why Finance Departments Choose Mass Payments
Faster Payment Processing
Execute large payment batches efficiently from a single platform.
Stronger Controls
Implement approval workflows and authorisation rules to reduce risk.
Complete Audit Trail
Maintain visibility of every payment, approval, and transaction.
Improved Supplier Relationships
Ensure suppliers are paid accurately and on time.
THE RISK
Manual Payment Runs Create Risk And Delays
Finance teams often manage hundreds or thousands of supplier payments every month. Manually processing payments, preparing bank files, obtaining approvals, and reconciling transactions consumes valuable time and increases operational risk.