Exploring the Basics of the Invoice Provider ACH

Invoice Provider ACH is a service provided by SAP Concur to help you automate the payment of your invoices processed through Concur Invoice. The service uses Electronic Funds Transfer (EFT) technology to transfer money directly from a company-owned bank account to an approved vendor's bank account. The service does not require you to cut checks or interface with your AP system.

Key Points

• Invoice Provider ACH is built on the same technology as Expense Pay Global. If you are familiar with those tools, you will already be familiar with many of the concepts in the Invoice version.
• Invoice Provider ACH uses a partner, Worldline (formerly known as Bambora), to process the payments.
• Although there are no confirmed timeframes to expand the currencies currently supported, Invoice Provider ACH provides the flexibility to support more countries and currencies going forward.

• The entire invoice lifecycle, from invoice receipt to final payment, is managed in one system.
• Supports payment of invoices directly to vendors.
• Customers can choose to have batches automatically close every day and pay based on due dates, or based on a schedule they define.
• Increased visibility into spending to reduce fraud and errors.
• You have complete control of your cash flow. Necessary funding amounts are clearly displayed.

Invoice Provider ACH is a great tool that makes the lives of you and your users easier, but there are some considerations you should be aware of:

• It may take up to 10 business days for confirmation from Worldline of application acceptance.
• Currently, only payments to U.S. vendors with a USD bank account, in USD, from a USD-based funding account are supported. Cross-border payments are not supported.
• There is no ability to perform a penny test.
• Only Direct Debit is available.
• Funding accounts must have unique names.
• The Payment Manager user is not notified via e-mail that funds will be withdrawn from the funding account. Payment Managers must view this data in the UI. This is a different experience from Expense Pay.

Now that you know the basics, let's move on to how Invoice Provider ACH is configured.