Integrated Commerce Solutions (ICS) integration with Sage Intacct automates payments by using the Sage Intacct APIs to pull approved Bills, mark them as retrieved for card payment, integrating the payment requests with the financial institution and/or their payment processor, receiving payment confirmation and reconciliation data, using the Sage Intacct APIs to mark those bills as paid. This eliminates the need to pay those vendors by check and all associated manual processes and costs, while leaving the control of who gets paid when to the client.

Key Benefits:
Integrated Commerce Solutions (ICS) AP payment automation with Sage Intacct offers numerous benefits for your organization and your vendors.

• Reduces your organizations’ number of paper checks, which can cost between $4 and $20 each!
• Provides better cash management through card float
• Empowers you to streamline your organizations’ accounts payable at no cost.
• Enables you to process payments efficiently, allowing vendors to quickly receive payment.
• Ability to pay vendors the way you do business: 
  • Per Bill
  • Aggregated across all entities
  • Aggregated at the entity level
• Reduces fraud and misuse by eliminating the need to store vendors’ bank data.
• Automatic payment and reconciliation allows your organization to view status and reconcile payments.
• Eliminates the need for you to collect and manage vendor bank accounts for EFT payments. Instead, organizations can rely on financial institution to track what is needed for vendors to get paid.
• Integrates with the Sage Intacct solution. AP Automation is built into the existing vendor payment processes.
• Gives your organization the ability to earn rebates with each card transaction processed.
  • For clients with payables which exceed $3 million in vendor payments per year (dependent upon the financial institution):
    • No Cost
    • Typical rebate is 1% of payments converted to card spend.

System Requirements:
To enable the integration, Sage Intacct users are NOT required to purchase: Sage Intacct Web Services - Developer License

Price:
Pricing is between the financial institution and the client

Integration Approved Countries:
United States;