When we launched Approval Policies, we focused on solving a major AP challenge: getting approvals done faster without endless email threads and manual follow-ups. But AP automation does not stop at approvals.

The next major challenge? Payments.

We spoke to finance teams processing international payments across multiple currencies, and the problem was clear:

• Payments were still being processed one by one, manually entered, approved, and sent.
• Each supplier payment required separate approvals, leading to bottlenecks, or approvers were inundated with hundreds of payment requests at once, forcing AP teams to constantly follow up.
• AP teams spent hours reconciling transactions across global bank accounts.
• Delayed payments increased Days Payable Outstanding (DPO) and disrupted cash flow.

The solution is bulk payments, where AP teams can batch, approve, and pay hundreds of invoices in just a few clicks.

Finofo’s bulk payments: the next step in AP automation

Finance teams should not be spending hours manually processing payments. Bulk Payments eliminate one-by-one transactions and replace them with an automated workflow that handles multiple payments at once.

Instead of repeating the same steps for every payment, you can:

• Upload supplier bills in seconds by syncing bills directly from your ERP, CSV, or OCR tool.
• Create batch payments and route automatic approvals through pre-set approval policies.
• Pay instantly by processing all transactions in one go without delays.
• Sync everything back to your ERP so reconciliation happens automatically, reducing manual work.

This removes redundant data entry, speeds up approvals, and eliminates payment bottlenecks.

How Bulk Payments improve AP efficiency

AP teams can quickly select and batch hundreds of supplier invoices into a single payment, streamlining approvals and execution in seconds.

Before making a decision, approvers get a clear and detailed breakdown of each batch, including the total batch amount, the currencies involved, pending approvals from multiple stakeholders, and a full view of transaction details before finalizing.

What happens if an approver accepts or rejects a batch?

• Approved transactions move instantly to the next stage for execution.
• Rejected transactions are moved to a ‘declined’ stage with clear rejection reasons and required actions.

You will be able to send funds in over 90 currencies across 120 countries using ACH, SEPA, BACS, and other local payment rails, all without wire fees.

Real-time tracking and visibility: Track every step of the payment process, including approvals, execution, and status updates.

All transactions automatically sync to your ERP, ensuring seamless financial tracking without manual reconciliation.

Why automate bulk payments now?

• Manual payment processing slows down AP teams and creates inefficiencies.
• Delayed payments increase Days Payable Outstanding (DPO) and affect supplier relationships.
• Traditional bulk payment methods require extra approvals and manual oversight.
• Reconciliation often requires manual data entry and tracking, increasing errors.

With Bulk Payments, finance teams can process global payouts faster, reduce manual workloads, and improve AP efficiency.

Stop processing supplier payments one by one. Batch, approve, and pay instantly with Finofo.

Start your 21-day free trial today and experience the power of bulk payments.