Payouts.com, a fintech firm, has raised an additional $12.1 million to improve its vendor relationship management capabilities and accelerate product development.
The platform was established in 2022 with the goal of automating and streamlining supplier payment procedures while giving companies the resources they need to run their operations effectively.
In today’s digital economy, Payouts.com tackles the increasing intricacy of handling various supplier connections. The platform offers a fresh take on payout management by addressing the operational and financial difficulties that occur when companies collaborate with a variety of vendors.
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The platform offers an intuitive user interface that is intended to streamline the payments process. It includes everything, including connection management, supplier onboarding, and payout execution. Furthermore, Payouts.com interfaces with more than 600 enterprise resource planning systems, which facilitates smoother financial operations management for businesses.
Support for many currencies in accounts, a vendor portal for financial compliance, and tools for managing tax paperwork and regulatory compliance are further important features. In order to enhance cash flow visibility and financial control, the platform also offers real-time tracking, customisable reporting, and support for a number of payment methods, including bank transfers, eWallets, and cryptocurrency.
About Payouts.com
At Payouts.com, they believe in the power of financial technology to transform businesses. They are dedicated to providing innovative and reliable payment solutions that cater to the diverse needs of companies worldwide.
