Did you know that there is a way to complete your vendor payouts from net revenue, while at the same time automatically calculating the correct taxes? One of the biggest frustrations we’ve heard from our customers is that it’s hard to pay multiple vendors simultaneously. Find out how Payout can streamline your vendor payment process in this blog article.
What is Payout’s role in the vendor payment process?
It is indeed difficult to process multiple vendor payments if you are using a traditional banking platform. These platforms usually come with deep complexities when it comes to having multiple accounts payable at the same time. There is a growing need among businesses – especially startups and SMEs, to make the best use of their time and spend as less time doing manual tasks. Vendor payment is at the top of the list for many such organizations.
Simply put, Payout is a product that streamlines the vendor payment process. It allows your business to quickly and easily send payments to vendors, without having to go through a complex invoicing process. Payout is simple to use and can save businesses a lot of time and money. Payout is ideal for businesses of all sizes, from startups and SMEs to enterprise companies.
How does it work?
The Payout platform streamlines the vendor payment process by automating manual tasks and making it easy for the end user to keep track of the payments. With Payout’s vendor payment functionality, your business can save time and money by reducing accounting and administrative costs.
All you need to do is follow 3 simple steps –
- Download the template
- Input the amounts and vendor beneficiaries
- Upload and send payment to all your vendors
How can this simplify your life?
If you manage a business, you know how important it is to keep track of your spending and stay within your budget. That’s why Payout is such a valuable tool – it smoothens the vendor payment process and makes it easier for you to stay on top of your finances. The payment process can be a hassle, especially when dealing with multiple vendors. This is where Payout comes in, streamlining the entire process so that businesses can focus on the two things that really count – growth and survival.
With Payout, you can manage all your vendor payments in one place. It’s simple and efficient, and it can save you a lot of time and hassle. You can be sure that your payments are always up to date and accurate.
If you’re looking for a way to simplify your life and stay on top of your business’ finances, Payout is the answer.
Why use Payout?
Payout is a platform that comes with several powerful options that can be leveraged by a business to save time and cost. Here is why our customers love making their payments through Karbon Payout.
- Automated vendor payment platform
Making bulk payments is now only a click away. If you have used a traditional payout system earlier, you will love our “few-clicks-vendor-payment” solution
- 24×7 online payment – non-banking timings
Your traditional bank might be on a holiday, but Karbon Payout never is. Experience seamless and fast vendor payments at your convenience, 24×7.
- User-friendly payment portal
Our design focuses on only one idea – Simplicity. Vendor payment excel format is usually the biggest pain point of a traditional payment customer. We have simplified this process beyond your imagination. Book a Demo and find out how.
- Bulk payment – manage multiple vendor payments
Instant payment to be sent to more than one vendor? Say no more. We got you. Instant beneficiary addition and fast bulk payments make Karbon Payout stand out from the competition.
- Uncapped vendor transactions in a day
There is no limit to the number of vendor transactions that you can make in a day. Book a call with our experts to know more about this can truly help your business scale.
- Vendor Payout links
If you do not want to take the pain of beneficiary addition, you can also choose to send the payout link to your vendor. This is usually preferred by our customers who are looking for convenience.
- Automatic tax calculation (coming soon)
We automate your entire tax calculations! All GST & TDS calculation is automatic with the option of exporting this data to your book-keeping software without any limitation! (coming soon)
All of this can save you a lot of time and hassle in managing vendor payments. Payout can also help reduce late payments, which can save you money on late fees and interest charges.
If you’re looking for a way to simplify your vendor payment process, Karbon’s Payout is worth checking out.
Growth VP @ Karbon
What does payout stand for and how does it work?
How to make multiple payments at the same time?
Where can I use payout link and how does it work?
Can a Member get access to Payout?
How to make vendor payment using Karbon Card?