Corpay is creating an channel of accounting and bookkeeping firms to provide outsourced bill payment and other accounting services. The company, which markets Corpay One, this month has hired industry veteran Robert Lewis as SVP of accountant channel development.Besides enlisting a variety of firms, the other major thrust is to develop and manage partnerships with accounting and financial software firms, according to Lewis.
So far the latter include Intuit, Oracle NetSuite, Sage Intacct and Xero. Lewis notes the product’s core is AP, including Invoice capture, approval workflow and payments. Corpay also has expense reporting and a workflow engine that some firms are using for bookkeeping. Advisors can utilize a dashboard for managing their clients’ needs. The system has settings that enable managers to determine which staff members can access the records of which client.
Firms can upload clients and their data to Corpay One without the need to onboard clients individually. Clients can send receipts, bills and expenses to a unique Corpay address. Firms can also utilize a global workflow library to automatically apply accounting rules to your clients.
There are three pricing levels for Corpay One. The Plus level is priced at $49 per month and enables 39 documents to be processed monthly. Customers receive unlimited seats. Accounts payable, reimbursements, accounting automation and unlimited workflows, along with the ability to synch with ERP software, are all available at this price. For $99 monthly, the Pro edition provides the same features, but increases the number of documents that can be processed to 99. At the Premium level, the price rises to $119 per month with purchasers receiving one-on-one onboarding and the ability to handle 169 documents per month
