Outsourced Check Payments
Elevate efficiency, master control with outsourced check payments from Edenred Pay
Check payments to suppliers may be unavoidable. But the hassles with printing, mailing, and managing those checks don’t have to be.
Edenred Pay’s outsourced check payment service – a fully integrated part of Edenred Pay’s invoice-to-pay platform – makes it easy and secure for organizations to pay suppliers with paper checks.
No more printing, signing, stuffing, and mailing check payments to suppliers.
You’ll call it a game-changer. We call it Checks off FBO.
How it works
With Edenred Pay’s Checks off FBO, it’s easy for organizations to pay suppliers with paper checks.
- Submit your approved payment file via API, SFTP, or our interface – a single file upload is all it takes for us to pay all your approved invoices, no matter the payment method.
- Deposit a single payment to cover all your checks to our FBO account.
- Checks are printed and mailed.
- A positive pay file is transmitted to the bank where the FBO account is held.
- Edenred Pay stores a PDF image of each printed check for research and audit.
- Status of checks is available in our platform and is updated as checks clear the account.
Elevate your AP process
Edenred Pay’s Checks off FBO transforms the way checks payments are made and managed.
Increase efficiency
- Pay all approved invoices via check and electronic payment via single file upload
- Make one payment to Edenred Pay’s FBO account to cover all your check payments
- Free staff from manual check processing to focus more time on value-added activities
- Get started fast with no disruption to your existing processes and workflows and seamless integration to your legacy ERP application or accounting software package
Pay suppliers faster
- Approve checks online and eliminate the time and cost of securing multiple signatures
- Reduce paper and offload the burden of printing, stuffing, and mailing paper checks
- Avoid payment delays with next business day printing and mailing of paper checks
Improve control
- Insert your own reference IDs or check numbers when checks are created
- Gain full visibility into the status of checks
- Instantly access the details of any created check via our payment activity dashboard
Setting the standard
Checks off FBO includes the features you’d expect from the leader in invoice-to-pay innovation.
Key features
Checks are cleared through Edenred Pay’s FBO bank account using a good funds model
Check payment funding via auto-funding or push-funding via ACH
Positive pay review for every check run
Option to stop payment on created checks
Secure check stock, window envelopes and First-Class postage for all checks
Option to expedite checks to be send the next day for an additional fee
Streamline your check payments
See for yourself how easy it can be to pay suppliers with paper checks.
