Payee Manager is a vendor payment management solution that allows companies to enroll vendors for electronic payments, manage vendor information, and make payments more efficiently. It offers a secure online platform for vendors to update their banking details and track payments. Payee Manager aims to save companies time and money by reducing manual work and switching vendors to electronic payment.
1. PAYEE MANAGER
SAVE TIME AND MONEY MANAGING VENDOR PAYMENTS MORE EFFECTIVELY
If you are wasting valuable time Payee Manager is designed to platform all within one simple web
and money handling large volumes make it easy for you to enroll based application. In addition,
of check payments, manually and pay your suppliers by your vendors can manage and
updating vendor information and electronic payments. In fact, update their own banking details
chasing down payment inquiries Payee Manager can offer you within the system through a
then you should look at our new the combined advantage of an secure self service environment
combined vendor management electronic payment enrollment and track progress of their
and payment solution, system, vendor information payments including payments
Payee Manager. management tool and payment in transit.
travelexbusiness.com
2. PAYEE MANAGER
SAVE TIME AND MONEY MANAGING VENDOR PAYMENTS MORE EFFECTIVELY
Can you relate to the following issues?
• Finding time and resources to acquire all your vendors’ banking details in order to switch over to
electronic payments
• Maintaining up-to-date contact and banking information for all your suppliers
• Employing staff to manage payment inquiries and manually update vendor information within your
accounting systems
• Wasting money producing paper checks
• Attempting to trace payments on bank statements where there is no remittance
• Providing required audit trails and reports
How can Payee Manager help you overcome these payment issues?
• Reduce costs to your business by switching from check to electronic payments – quickly and
effectively
• Improve relationships with your vendors by ensuring they are paid accurately and on time
• Minimize overhead within your business by reducing manual processes currently employed to handle
inquiries from vendors with payment issues
• Cut out manual reconciliation of remittance data
• Take ownership and control of your vendor database
• Report accurately and meet mandatory audit requirements
How does it work?
You can have a new vendor enrolled onto the system in a few simple steps – a process that can be
completed in five minutes!
1. CREATE A CAMPAIGN – Launch an online vendor enrollment email campaign that invites your vendors to
enroll for electronic payments through a secure website.
You gain access to a suite of campaign management tools, including: email templates customizable with
your logo and color scheme, list scrubbing capabilities*, campaign scheduler and tools for monitoring your
campaign’s progress.
2. MANAGE & APPROVE – Manage your enrollment campaigns and approve enrollment details
As your vendors enroll you are prompted by an auto generated email to login and approve the vendor
details. Once approved, the vendor is immediately set up as a beneficiary and ready to receive your
electronic payments. You can see who is enrolling, how many vendors have enrolled and who is yet to
respond to your campaign.
3. MAKE A PAYMENT – Use GlobalPay, our online platform, to make payments to your enrolled vendors
Once a vendor is enrolled you can schedule payments – either one-off payments or recurring – through our
GlobalPay payments system which is linked to Payee Manager. Your vendors are automatically listed within
the system so its quick and easy to select them for payment. You simply log into GlobalPay, go to the Pay
Today screen and place the order. Once the payment has been committed, the beneficiary will automatically
receive a Pay Alert email notification and details of how they can track their payment online.
travelexbusiness.com
3. PAYEE MANAGER
SAVE TIME AND MONEY MANAGING VENDOR PAYMENTS MORE EFFECTIVELY
4. ONGOING VENDOR SELF-MANAGEMENT – your vendors have access to amend their banking instructions
and company contact details, track incoming payments, and manage user access rights, all through Payee
Manager’s online interface. Any requested amendments trigger an email to you, prompting you to log into
Payee Manager and approve the changes before the system is updated. This approval process enhances
security and keeps you in control of your vendor database at all times.
PAYEE MANAGER
PAYEE A
Your Beneficiary
Edit Payee Company Details
Add Bank Account
Modify/Change Bank Account
PAYEE B
Delete Bank Account
Your Beneficiary
Approval Workflow Add New Contact Details
PAYER
Delete Contact Details
You
Track Payments
PAYEE C
Payee User Administration Your Beneficiary
*View Remittance
SECURE WEB BASED PLATFORM
PAYEE D
Your Beneficiary
*Available June 09
If you want to maintain better control and improve visibility of your payments to vendors, Payee
Manager is the answer.
• There is no system to install, no technical implementation or complex user training
• Enroll as few or as many vendors as you want
• No systems integration required
travelexbusiness.com
4. PAYEE MANAGER
SAVE TIME AND MONEY MANAGING VENDOR PAYMENTS MORE EFFECTIVELY
Flexible options for implementation
Option 1 (Self management)
• Travelex enables the Payee Manager functionality within GlobalPay and assists you with the basic
campaign setup and user training
• You are responsible for the quality of your vendor data and the management of your enrollment
program
Option 2 (Self management + vendor database assist)
• Everything from option 1, plus Travelex will clean your vendor database prior to enrollment and assist
with the file upload into Payee Manager
Option 3 (Fully outsourced vendor enrollment)
• 70% conversion guarantee
• Full set up as in options 1 and 2
• Travelex will upload approved vendor list, create and manage the campaign through telemarketing
and direct marketing to your vendors using tried and tested methodology
• Once vendors are enrolled, you are responsible for the ongoing management of your vendor database
Contact Travelex Today!
Call us today at 1 (866) 456-3963 to arrange a demonstration, or email us at globalpay@travelex.com.
travelexbusiness.com
*Some services may be available at an additional cost
In the United States, services will be provided by Travelex Global Business Payments, Inc.
In Canada, services will be provided by Travelex Canada Ltd.
For a complete list of U.S. state licensing, visit www.travelexbusiness.com/na/about/compliance