Yordex

Yordex is a banking-as-a-service orchestrator provided by Yordex Ltd. According to the vendor, Yordex helps B2B platforms and businesses with a high volume of payouts embed payments into their processes. The product offers automated global payments, card issuing, payments automation, admin and support tools, and APIs. Yordex caters to businesses of all sizes, from small startups to large enterprises. It is utilized by various professions and industries, including freelancer platforms, travel tour operators, music and streaming royalties, nonprofit organizations, and business software providers.

Key Features

Automated global payments and card issuing: According to the vendor, Yordex enables businesses to issue physical and virtual cards, including Mastercard or Visa cards, to employees or beneficiaries. The platform also supports branding of cards with the company's logo. Furthermore, Yordex facilitates instant fund disbursement in the US through integration with Google Pay and Apple Pay.

Bank transfers automation: The vendor claims that Yordex's masspay service automates bank transfers, supporting various payment methods such as ACH, SEPA, Faster Payments, and international payments. With Yordex's global banking partner network, businesses can reportedly enjoy comprehensive coverage for their payment needs.

Payments automation: Yordex offers configurable payment flows that the vendor says can adapt to different business processes. Customizable workflows are available for supplier, freelancer, beneficiary, and expense payments, with a wide range of payment terms. The platform supports high-volume payouts through masspay and bulk card management, aiming to make payment processes efficient and scalable.

Secure supplier onboarding: According to the vendor, Yordex provides a secure and compliant supplier onboarding process, facilitating payments to thousands of suppliers. This feature is designed to ensure that businesses can easily and securely manage their supplier relationships.

Spend and approval rules: Yordex allows businesses, according to the vendor, to set up spend and approval rules to control how money is spent. With a variety of options available, businesses can establish customized rules that align with their financial policies and procedures.

Auto-reconciliation features: Yordex automates the matching of payments with invoices and pay-ins through its auto-reconciliation features, aiming to streamline the reconciliation process and reduce the risk of errors.

Customizable reports: According to the vendor, Yordex offers customizable reports that allow businesses to track, analyze, and export spend data. These reports aim to provide valuable insights into spending patterns and help businesses make informed financial decisions.

Comprehensive end-user support portal: Yordex provides a comprehensive end-user support portal, according to the vendor, that assists customer support teams in addressing user inquiries and issues. This is intended to ensure that businesses using Yordex have access to reliable support whenever they need it.

Low-code integration options: Yordex offers low-code integration options, according to the vendor, reducing the effort required to integrate the platform with existing systems. This allows businesses to find the right balance between time-to-market and automation, enabling a seamless integration process.

APIs: Yordex is API-first, providing a comprehensive set of REST APIs for automating accounting activities. The vendor claims that all features available in the end-user apps and admin portal can be accessed through these APIs, allowing businesses to integrate Yordex into their existing workflows and systems.