CSI Paysystems

CSI Paysystems by Corporate Spending Solutions - Edenred is an Accounts Payable Automation and Payments Processing Platform aimed at small to large enterprises. According to the vendor, this solution is widely used by finance and accounting departments, accounts payable professionals, financial institutions, the hospitality industry, and property management companies.

Key Features

Accounts Payable Automation: According to the vendor, this feature allows businesses to automate their AP department, simplifying reconciliations and accelerating the payments flow. The vendor claims that it can also help convert AP from a cost center to a revenue generator, with the potential to earn rebates on qualifying payments.

Payment Types: The platform supports various payment methods, including virtual card, ACH, B2B Payments Network, foreign exchange, and check, according to the vendor.

Virtual Cards: According to the vendor, this feature provides enhanced security for transactions by offering secure, single-use, electronic credit cards for payments.

ACH: The vendor claims that businesses can use Automated Clearing House transfers for fast and secure payments, especially for suppliers who do not accept virtual cards.

B2B Payments Network: The vendor states that this feature is an ACH-based payment solution that provides invoice-level details for each transaction, offering enhanced visibility and transparency.

Ghost Cards: According to the vendor, this virtual card type streamlines payment processes for recurring transactions with the same supplier or across multiple suppliers.

Foreign Exchange: The vendor claims that businesses can make payments in 18 countries and 140 currencies, enabling international payment capabilities.

Check: According to the vendor, this feature allows seamless processing of check payments for suppliers who require them, ensuring flexibility in payment methods.

How it Works: According to the vendor, the platform offers simple integration with any ERP system and provides easy data transfer through native file upload, APIs, or FTP services. The vendor also claims to provide a supplier enrollment and enablement campaign for smooth onboarding, with the flexibility to accommodate unique internal controls, workflows, and approval parameters. Additionally, the vendor states that the platform provides full visibility into all payments.