PayMaple Launches Accounts Payable Solution to Simplify Vendor Payments

New feature enables seamless digital payments via ACH, RTP, and Virtual Card (Coming Q3), eliminating the high costs of paper checks.

CHICAGO, March 11, 2025 /PRNewswire/ -- PayMaple LLC, a leading provider of innovative payment solutions, is excited to announce the launch of its new Accounts Payable solution, designed to streamline vendor payments and eliminate the inefficiencies of traditional payment methods.

With this new feature, PayMaple customers can now send an invitation link to their vendors, allowing them to onboard quickly and securely. Once a vendor accepts the invite, they can set up their preferred bank account for deposits and seamlessly create or upload invoices directly through the PayMaple platform. Customers can then view and pay invoices within their PayMaple user console using ACH, Real-Time Payments (RTP), or Virtual Card (Coming Q3).

"Paper checks remain one of the most outdated and costly methods of business payments, with the average cost of issuing a check estimated at $4 to $20 per transaction when factoring in materials, processing time, and reconciliation," said Mirza Baig, CEO of PayMaple LLC. "Our Accounts Payable solution drastically reduces these costs, offering a nominal, transparent pricing structure that makes vendor payments faster, more efficient, and more secure."     

By transitioning to digital payments, businesses not only save money but also gain real-time visibility into their accounts payable, improve cash flow management, and strengthen vendor relationships through faster payments.

PayMaple remains committed to delivering cutting-edge payment solutions that empower businesses to operate more efficiently. The Accounts Payable solution is now available for all PayMaple customers, with Virtual Card support set to launch in Q3.

For more information, visit www.paymaple.com

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SOURCE PayMaple