Traild Pay is a centralized payment platform designed to streamline the execution of accounts payable (AP) payments. It integrates seamlessly with your ERP or accounting software, as well as Traild’s AP platform, to provide a comprehensive invoice-to-pay solution for managing and executing payments efficiently and securely.

Traild Pay integrates deeply with your ERP system to process all bill payments efficiently. Once payment batches from your ERP have been approved in Traild, Traild Pay executes the payments across multiple methods, ensuring a smooth, automated workflow with no disruption. This seamless integration eliminates manual processes, reduces errors, and enhances overall efficiency.

Traild Pay supports a variety of payment methods to cater to diverse business needs, including:

• EFT like ACH (Automated Clearing House) Transfers in US: Efficient electronic bank-to-bank payments within the United States.
• Checks: Traditional paper-based payments with automation to handle the printing and mailing for you.
• Wire Transfers: Fast, secure transfers for urgent or large-sum payments, both domestically and internationally.
• Virtual Cards: Secure, single-use card numbers for vendor payments.
• SWIFT: Secure international bank transfers facilitated through the SWIFT network

Traild Pay enhances payment security through several key features:

• Direct ERP Integration: Unlike manual processes and flat-file integrated payment solutions that involve CSV downloads and uploads, which can be vulnerable to fraud, Traild Pay connects directly with your ERP system, ensuring a secure and automated real-time two-way data flow.
• Always-On Anomaly Detection: Utilizing machine learning, Traild Pay continuously monitors payment activities to detect and flag unusual transactions, reducing the risk of fraud.
• Supplier Verification: The platform performs extensive checks on suppliers to verify their legitimacy before processing payments, ensuring funds are directed to authorised accounts.

Traild Pay accounts can be funded through direct debit or by transferring funds into a Traild Pay clearing account, where approved batch payments can be executed seamlessly on your behalf across a variety of payment methods

Traild Pay enables secure, high-speed payments to suppliers in 150+ countries and 60+ currencies, leveraging local payment networks to reduce cost and improve speed.

We support a wide range of local domestic payment methods, including for example:

• United States: ACH and Fedwire
• Canada: EFT, Bill pay and Interac
• Australia: BECS, BPAY and NPP
• United Kingdom: BACS and Faster Payments
• Plus: Local clearing systems across 120+ countries—including SEPA, Faster Payments, and others—for faster, more affordable cross-border transactions

For global payments, Traild Pay supports both SWIFT and local payment methods, giving businesses access to market-leading FX rates and helping eliminate the high fees and delays associated with traditional international banking.

Payment speed depends on the method used.

• ACH payments: Typically 1-3 business days
• Checks: Varies based on postal delivery times
• Wire transfers: Same-day or next-day processing, depending on the bank
• Virtual card payments: Instant once processed
• EFT, BACS, and BECS payments: Usually processed within 1-2 business days
• SWIFT payments: Typically, 1–5 business days, depending on banks and countries involved

Traild Pay ensures payments are processed as quickly as possible while maintaining security and compliance.

Yes, Traild Pay is equipped to handle international payments, allowing businesses to pay suppliers in over 60 currencies across more than 150 countries. This capability simplifies cross-border transactions and ensures compliance with international payment standards.

Common risks in payments include:

Traild Pay helps businesses reduce costs by:

• Automating bill pay processes: This reduces manual labour associated with payment execution.
• Accessing competitive rates: You’ll be able to access more favourable rates for transactions, including checks and foreign exchange.
• Utilising virtual cards: Enabling payments through virtual cards that generate rebate revenue can transform the accounts payable function into a profit centre.
• Accessing early pay discounts: by automating the invoice-to-pay process and unlocking greater efficiency in managing AP, incidence of late payments will decline and there will be greater opportunities to access early pay discounts with your suppliers

To get started with Traild Pay, simply contact our team to discuss your specific payment needs, integration requirements, or to book a demo. Our specialists will guide you through integration planning, ensuring seamless connectivity between Traild Pay and your ERP or accounting system. Once integrated, we provide comprehensive training and onboarding to equip your team with the knowledge and tools needed to efficiently manage and execute payments with Traild Pay.

Traild Pay is designed to comply with various payment regulations by:

• Adhering to standards. We follow industry standards for electronic payments, such as NACHA rules for ACH transactions.
• Maintaining security protocols. We implement comprehensive security measures to protect sensitive payment information.

If you are not a Traild Accounts Payable customer, you can still use Traild Pay on its own. While combining Traild’s AP platform with Traild Pay unlocks invoice-to-pay automation and end-to-end risk management across the entire AP process, we understand that you may want to just automate your payments work.