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One of Jacksonville’s Fastest Growing Companies Announces Growth Milestones

March 7th, 2019 · Leave a Comment

OnPay Solutions, a leader in accounts payable and accounts receivable software for enterprises, recently announced its 2018 growth.

Continuing its fast growth trajectory, the company achieved more than 50 percent growth rate its overall revenue. More importantly, it is proud to boast a 900 percent growth rate in payment volume processed over the platform. Through 2018, the company processed billions in B2B payments through its payment “ecosystem” which offers large companies and enterprises with multiple P&Ls the ability to pay its vendors and suppliers. The OnPay Solutions vendor marketplace now contains more than 150,000 payees in “the ecosystem” and expects that to more than double in this year.

“OnPay Solutions is being recognized as an excellent solution for invoice and payment automation because of our outstanding product, ease of use, ease of onboarding and excellent service,” said President and CEO Neal Anderson. “We are transforming business operations for companies that have used the same processes since the ’80s and ’90s to revolutionary digital workflows and electronic payment automation, regardless of the limitations of an accounting or ERP system. Our solutions increase efficiency by eliminating manual, time-consuming processes involved with routing and approving invoices then paying suppliers and vendors and provides control and visibility across supplier and vendor payments regardless of the complexity of the organization and supports companies with diverse approval workflows, multiple locations, multiple P&Ls and multiple bank accounts. That’s when we are at our best.

“And, for companies receiving payments, the solution streamlines accounts receivable by providing direct visibility to allow paid invoices to be cleared along with direct access to the cash when received in a virtual card payment,” Anderson said.

OnPay Solutions A/P and A/R solutions work with any ERP system from homegrown to SAP, Oracle, Microsoft Dynamics, Great Plains and NAV and many more. For more information, visit www.onpaysolutions.com.

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