Traild gives executives complete visibility and control at the point of payment. Before releasing funds, payment batch reviews clearly highlight risks so payments can be processed with confidence.
The Payments page in Traild gives you instant visibility into a batch payment. Each payment is automatically risk-assessed and vendors verified. You can drill down to individual invoices to see approval history, reconciliation to supplier statements, and risk levels for each.
Traild assesses and flags the risk of each payment contained within a batch payment. Examples of warnings shown include new bank details or where the payment value exceeds the previous maximum value paid to that supplier.
Every invoice within a supplier payment is linked and an invoices full history can be easily reviewed – including an audit trail around invoice submission, approval and any comments made by your team.
Checking batch payment manually can be difficult and time-consuming, with information buried in confusing text. Traild streamlines the process, offering executives greater visibility into supplier payments and quick, efficient and comprehensive reviews. Traild makes it easier to spot issues, verify payments, and ensure accuracy in payments.
Before releasing payments, executives can thoroughly review the payment in Traild to identify any risks, such as invoices that haven’t been properly approved. This review process allows them to catch discrepancies and unauthorized transactions, adding an extra layer of security. By ensuring greater control and risk management at the point of payment, companies can better protect themselves against fraud attempts and financial losses.
By flagging errors and risks in payments before making a transaction, Traild helps businesses avoid costly mistakes and fraud. This proactive approach prevents unauthorized or incorrect payments, reducing financial losses and safeguarding the company’s bottom line.
Reach out to our team for more information on Traild or AP digital transformation.
Traild flags payment risks such as changed bank details and unusually high payment amount. The payment review also allows executives to check invoices have been correctly approved within Traild and approvers have investigated high risk invoices thoroughly.
Yes – via Traild Pay you can pay all your vendors across a variety of payment methods.
Yes
