Vendor ePayment Processing
ProContractor supports electronic vendor payments through Nvoicepay, a payment automation service.
Integrated into ProContractor's existing vendor payment options, Nvoicepay uses your ProContractor data to process and send payments to vendors on your behalf. Customers retain an audit trail of vendor payments in ProContractor and can access their vendor list, payment history, remittances, and reports by logging in to their Nvoicepay account.
Customers who sign up for Nvoicepay's service go through an enrollment process during which Nvoicepay gathers the customer's banking information and vendor names, and verifies vendor payment information. Nvoicepay continues this service as new vendors are added to the customer's system.
When Nvoicepay finishes the enrollment process, customers receive an Nvoicepay client ID and code number, which they enter into Accounts Payable Settings in ProContractor. This unique ID and code are used to identify and transfer vendor payment information between ProContractor and Nvoicepay. Customers retain access to vendor payment information, history, and reports by logging in to their Nvoicepay account.
If you are interested in the Nvoicepay service, contact your Viewpoint account representative.
Before You Enroll – ePayment ROI Analysis
Nvoicepay will conduct a vendor payment analysis for customers considering ePayment service and provide a report showing the customer's expected ROI for transitioning from paper checks to ePayments. This report analyzes your vendor spend for the previous 12 months, based on your vendor list, number of payments, payment types, and dollar amounts, and indicates a potential rebate amount for vendors who accept credit card payments.
To provide your vendor spend information to Nvoicepay for analysis, use the Vendor Spend Information View available from the View Vendor Setups screen. Select this view for a specified date range, export the results to Excel, and email the report to your to Viewpoint sales representative, who forwards the report to Nvoicepay for analysis.
After You Enroll
On the Accounts Payable Settings screen, enter your Client ID and Client Secret (unique code) provided by Nvoicepay. ProContractor verifies your client ID and code immediately and provides a message if any errors are found.
