Liquid

Liquid is a global payment solution aimed at small businesses. According to the vendor, it provides secure and efficient payment processing, micro escrow services, and a procure-to-pay workflow. The goal of Liquid is to simplify the payment process, save time on onboarding and payments, and ensure compliance and security. This versatile platform caters to a range of professions and industries, including freelancers, independent contractors, small business owners, entrepreneurs, service-based businesses, e-commerce businesses, and international businesses.

Key Features

Micro escrows: According to the vendor, Liquid Trust provides micro escrows to protect against payment delays, defaults, and fraud. Businesses can hold payments in third-party micro escrow accounts, helping to reduce risk and equalize power in business relationships.

Global Pay: Liquid supports secure single or bulk business payments to 175 countries. The vendor claims that the same workflow can be used for paying domestic or international individuals or entities. Liquid supports ACH, card, wires, and FX payments through bank partners.

Procure-to-Pay: Liquid offers a full onboarding to global pay workflow for managing vendors and contractors. According to the vendor, it includes contract execution, document collection, and compliance checks. The platform provides customizable onboarding processes and collects tax forms upfront.

Flexible, micro escrow solution: According to the vendor, Liquid Trust offers a flexible micro escrow solution to meet modern business needs. It provides revenue opportunities and additional deposits for bank partners, while aiming to improve the customer experience for SMB customers.

Secure single or bulk business payments: Liquid Pay enables secure payments to 175 countries, offering clear transaction fees and ensuring payees are paid in full. The platform supports various payment methods and integrates with the contract-to-pay solution, according to the vendor.

Full onboarding to global pay workflow: According to the vendor, Procure-to-Pay provides a comprehensive onboarding process for vendors and contractors. It manages contracts, collects documents, and ensures compliance, enabling efficient management of vendors and contractors.

Usable Data from All Contracts and Documents: According to the vendor, Liquid's contract management system organizes vendor files and agreements, providing data for reminders of upcoming renewals and terminations. The agreement data is used throughout the system for efficiency and matching to invoices.

Execute Contract and Collect Paperwork in Minutes: According to the vendor, Liquid allows for fast contract execution and collection of necessary paperwork. Standardized and customizable onboarding processes ensure compliance, and tax forms are collected upfront to simplify annual filing.

Your Flexible Team is Always Ready to Work: According to the vendor, Liquid's contract and bench management system keeps your flexible team organized. The vendor database allows for easy searching and tagging, ensuring proper approval and onboarding of vendors.

Managing Your Bench with Ease: According to the vendor, Liquid's bench management feature simplifies managing a flexible team. It provides a ready-to-work vendor database with tags and notes for easy organization, while ensuring compliance and collecting necessary paperwork upfront.