Streamline Workday® Accounts Payable with Corpay Integration
In this blog post we’ll take a look at how Makse Group and Corpay are partnering to deliver an innovative and powerful new payment solution that allows Workday customers to streamline and simplify their accounts payable processes.
Corpay is a Global Business Payments provider that gives its customers a comprehensive suite of cross-payment solutions including bill payment, cross-border payments, currency risk management, commercial card programs, and AP automation. Corpay’s Payments Automation solution empowers AP teams by consolidating all their vendor payments into a single workflow, which greatly simplifies the reconciliation process and helps reduce costs, save time, and mitigate risk. However, this powerful tool initially had limited functionality when it first came to the Workday ecosystem.
To set up automatic payments in the Workday platform, multiple payment methods and integration setup is required to accommodate each banking institution or payment processor. In a company with thousands of payees, the process of setting up integrations for the wide range of banks and processors available can be incredibly costly and time consuming.
Corpay simplifies the Workday accounts payable process by providing one powerful tool that allows Workday customers to bypass the tedious task of setting up individual integrations for each banking institution or payment platform. With Corpay, Workday users simply configure their
bank account and payee information and send all payment info to Corpay, who handles the distribution funds through the appropriate payment methods. While this simplified the Workday AP process, without a delivered Workday integration much of the work of transferring information to Corpay was still manual. This is where Makse Group came in!
Makse Group partnered with Corpay to create a deployable Workday integration that automates the extraction of data for the initial Corpay configuration and on-going transmission of payment data. Now, whenever a payment is settled within Workday, it is automatically sent to Corpay, effectively removing any need for manual data entry in the day-to-day AP process. This not only helps Workday customers save time by simplifying and automating the account payable process, but also greatly reduces the risk of human error!
This custom Workday integration is a great example of how Makse Group works with their partners and customers to deliver innovative solutions to unique problems. Makse Group makes the impossible possible every single day! Makse Group and Corpay are excited about this new partnership that will allow both companies to better help clients improve payment efficiency and create cost savings by simplifying cumbersome supplier management, accounts payable, and treasury processes. To learn more about Makse Group and Corpay, visit their websites at maksegroup.com and corpay.com.
