Simplify Your Payments While Gaining
Monthly Cash Rebates With PAYSmart
Receive monthly rebates on eligible purchases while consolidating disparate payment
streams into a single payment file with CloudX’s integrated payables solution, PAYSmart.
Consolidate Vendor Payments By
Card, ACH And Check
Gain monthly cash rebates while automatically paying
vendor by their preference, so your department never
has to print and sign another check again.
Monthly cash rebates can be significant:
"The net cost of automating was $0 when we factor
in the monthly cash rebates” - Michelle E., Controller,
Ferman Automotive Group
Earn Cash Back On Eligible Purchases
PAYSmart presents the optimal way to receive cash back
rewards from your payments. While cash back or travel
rewards from business cards can mean a vacation, when it
comes to the bottom line, the benefits of moving your
payments to PAYSmart are hard to beat.
Ready to Explore Payment
Automation For Your Business?
Get started with a PAYSmart demo today to
see how you can simplify B2B payments.
Automate Payments Regardless
Of Vendor Preference
Consolidate disparate payment methods into
one interface so you can ditch the hassle of
dealing with paper checks for good.
Pay One, Or Pay All
You can choose to pay singular invoices are
invoices invoices in groups at a time. You
choose how, and when you pay with PAYSmart.
Increase Rebate Amount Over Time
CloudX can encourage suppliers through proactive
outreach to transition to card acceptance, increasing
the amount of your monthly rebate over time.
Mindful Of Vendor Preference
Not every vendor is going to want to digitize their
transactions, and we’re well aware of that. With
PAYSmart you can pay by check, ACH, or virtual
card to benefit all vendor relationships.
Earn Monthly Cash Rebates
On Eligible Payments
Invoice automation means more than just time savings on approvals
and data entry. With APSmart, you gain a highly customizable
dashboard that allows you to filter, search, and report on the status
of every invoice being processed by your organization.
Maintain Banking Relationships
PAYSmart integrates seamlessly with your
accounting system so your payment statuses
and history are continuously updated.
Results
“Where Accounts Payable
Was A Cost Center Before, It
Truly Is Now A Profit Center”
See how CloudX’s accounts payable automation solution,
APSMART, helped Kettle Cuisine enhance visibility, reduce
costs, and monetize their accounts payable process.
Unlocking Profit From
Transactional Document Processes
Inside your AP process, there are several opportunities to create new profit centers for your
business. It starts with monthly cash rebates Learn more by downloading our free guide.
What Our Clients Think
"We bought two new dealerships… without CloudX and APSmart, we would have been forced to add at least one new AP employee"
"CloudX was very inclusive of our feedback during the design and deployment phase of the project and has significantly enhanced how we manage our AP process."
“With APSmart we have been able to transform a 100% manual AP process to a streamlined system that is automated in terms of data entry, routing, approvals, and coding..."
“We’ve been very pleased with APSmart, and the support from CloudX has been great throughout the process!"
“We’ve gotten more efficient, the processing is far more standardized, and communications with CloudX have gotten better”
Fusz Auto Group
AP Payment FAQ's
-
What is AP payment method?
AP payment method is the type of B2B payment method made to a certain vendor. Most companies have several AP payment methods including check, ACH, credit, and virtual card payments. With payments automation, each vendor can be paid according to their preference without the paying party ever touching a piece of paper.
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What are the 4 payment methods?
The 4 payment methods in B2B accounts payable are check, ACH, credit, and virtual card. Each vendor will want to be paid according to their preference, and this can be achieved with little to no effort thanks to payment automation.
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What is AP invoice processing?
AP invoice processing is three step process of approving or denying a given invoice to be paid during the accounts payable process. This three step process includes invoice capture, invoice approval, and invoice posting.
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What are the examples of accounts payable?
One example of accounts payable is the following: an automotive dealership needs to purchase parts for a car repair. They place a purchase order for 2 tires to a tire company which will then deliver those tires. That's when the accounts payable process takes place: capturing and approving this charge in order to release payment via the treasury function.
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How long is the implementation process?
At CloudX our team of experts take a personal, customized approach to systems integration. We take the time to make sure you’re comfortable with all of APSmart’s capabilities and that you have a seamless transition in your day-to-day operations. For that reason, implementation can take as long as eight weeks, during which we work behind the scenes to give you a single, streamlined automation solution and ensure your team knows how to use it.
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What about the tools I’ve already invested in?
Our APSmart technology helps to seamlessly integrate your existing ERP and other digital tools, in order to eliminate inefficiency and multi-tool use wherever possible. Our goal is to build on what you’ve created, streamline your existing processes, and allow a smooth, user-friendly transition into the future of business.
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How are CloudX services different from other platforms and tools?
CloudX offers complete, end-to-end AP automation and document processing solutions to make operations smoother and financial insights more accessible to decision-makers. Not only do we bring today’s solutions to the table, but our intuitive and flexible services will also continue to adapt to your internal and industry-wide changes. Scale your business with versatile tools that take you from the dark ages to the Cloud Age.
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Why invest in automation?
Carefully considering business investments is important. Fortunately, CloudX’s adaptable technology pays off big for your business, in more ways than one. Not only will you save valuable human resources and better apply your team’s skills to higher-order tasks, but you can also monetize the process while automating it. Believe it or not, we’ve established a pathway to monetize your AP process and have helped clients earn up to 60 percent cash back on accounts payable transactions.