By Nilesh Dadpe, VP — Sales & Partnerships, PayMate (@NileshDadpe)
Accounts payable is the money a company owes to its vendors, while accounts receivable is the money that is owed to the company, typically by customers.
Automation of ARAP on PayMate
Our Account Receivables (AR) feature makes PayMate a good choice for payment collection for businesses with country-wide spread and large dealer / distributor network.
As a platform, we support open API’s and also facilitate seamless integration with corporate business and SME ERP systems such as SAP, Oracle, Tally, QuickBooks via H2H-SFTP method thus automating the complete ARAP process for any business.
Considering businesses usually have integrations in place with a bank account, the PayMate platform is mounted on top of all bank platforms and integrates very tightly with the business making it bank agnostic in nature. This is how the PayMate platform helps in the digitization of all payables & receivables seamlessly.
