PayMyTuition Launches Vendor Management Module to Transform How Educational Institutions Manage International Business Payments

PayMyTuition launches ground breaking seller management module with direct integration into a school’s ERP program, allowing it to bill and pay back suppliers in different and seller-most well-liked payment strategies basically and very easily, eradicating the want for AP reconciliation, streamlining the school’s international business payment processes.

Press Release

updated: Sep 15, 2020 06:05 EDT

PayMyTuition, a leading supplier of know-how-pushed world wide payment processing methods for worldwide tuition payments, declared right now the start of its latest innovation: an worldwide seller management module for training establishments. With this answer, the business is fixing the pricey and really complicated obstacle of managing international business payments in an all-in-1 seamless answer that will have direct integration into a school’s ERP program.

“Building worldwide payments is a complicated and time-consuming method and, in this day and age, the risk of marketplace volatility can raise prices and take in sources that academic establishment associates cannot manage to allocate,” reported Lucas Laracy, Director of Product sales at PayMyTuition. “Our ground breaking seller management module will empower establishments entry to a suite of worldwide payment methods that are straight integrated into their ERP and A/P methods. These methods will successfully regulate schools’ multi-currency accounting needs, allow them to bill and pay back suppliers in different and seller-most well-liked payment strategies, and remove the want for AP reconciliation, streamlining their international business payment processes.”

PayMyTuition’s innovative seller payments module allows academic establishments to optimize their payment processing strategies through limiting payment returns and investigations by strengthening the efficiency of amassing payee banking particulars. The answer provides account payable automation that successfully manages all seller account data and utilizes device studying and biometrics for compliance checks and identity verification, preserving establishments from payment risk, all in true time. This subsequent-generation know-how will assistance establishments to minimize prices, stop mistakes and make improvements to in general pace with the potential of fund settlement to worldwide merchants in fewer than 24 hrs.

“PayMyTuition’s international seller module has been a video game-changer for managing our worldwide payments business. Common strategies make gaps in the payments method, leaving our workers to choose on added responsibilities including guide reconciliation, which make delays in the availability of funds to our international business associates,” reported Scott Salzman, Bursar, The University of Dallas. “This ground breaking module removes these issues and has distinctive characteristics like computerized compliance checks on all merchants, allowing us to greater regulate funds flow and protect ourselves from marketplace volatility in 1 simple, effortless-to-use program.”

PayMyTuition’s vendor payment module is an business first and can be seamlessly integrated, by way of its true-time API, into most student data methods together with Banner, Colleague, PeopleSoft, Workday and Jenzabar.

The business is expanding rapidly, with strategies to empower various academic establishments throughout North The usa with this ground breaking seller management module in the subsequent 60 days.

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Supply: PayMyTuition