Unlike traditional software which have a top down approach where you must import data, the PayServices approach works from the bottom up because the operational data of your business can be created with PayServices and therefore drive cost reporting and cash position management with a level of detail that other products may not on a realtime basis.
Free Trialby digitalizing your accounting books.
Unlike other systems, the liability lies under the actual recipient
of the purchase order for the accuracy of the information provided
to complete an accurate document.
The PayServices system provides automatic alerts with AML/KYC and
sanctions monitoring on transactions, documents, parties and
products' metadata.
Step 1:
Person A starts to generate a purchase order and asks Person B to confirm the accuracy of its specific purchase order data before the issuance of the document.*
Step 2:
Confirmation of the business details is provided and the purchase order is issued via PayServices.
Step 3:
The recipient of the purchase order, accepts the order and the system switches the purchase order into an actual invoice.
Step 4:
Person A receives an invoice through the PayServices system and makes payment.
*For example: confirm the business details, the products specifications, the payment and shipping information, etc.
We shifted the liability and responsibly of the data entry to the seller. Meaning for example that if there is an issue with the product specifications and/or the payment details, the responsibility falls under the seller, not the buyer.
Because the operational data used on the invoice actually came from the inventory management system of PayServices, a profile with the specifications of each item on the invoice exists. This means that from a compliance and visibility standpoint, all parties work with precise and detailed information without interference.
Because PayServices links the operational data to the wallet, PayServices automatically and in realtime build up the charts of accounts of the transaction. A chart of account is the actual financial statements report that contains all the assets, liabilities and income statement of an entity.
As a result of this synergy, the financial statements now become a marketing tool for the business to better understand accurately and in real time where the performance of the business is.
In other words: the type of chart of account used in your particular business will impact the way that it is presented to you and therefore your perception of the health of the business.
With PayServices, you can translate and merge different charts of accounts from various countries to produce one set of financial statements that have the best outcome for your business.
Like any traditional software, PayServices ecosystem also incorporates a payroll, human resources (HR) and expenses management tools to help your business thrive.
With PayServices you are able to analyze and understand your business health on the fly.
Prices subject to change at any time without prior notice
For the price of $50 per month, with no contract, at a flat rate, you get an unlimited access of the cost mapping services.
$50 per month, prepaid flat rate for unlimited access
To enable this subscription, you will be redirected to the PayServices website.
Prices subject to change at any time without prior notice
For the price of $500 per year, with no contract, at a flat rate, you get an unlimited access of the cost mapping services.
$500 per year, prepaid flat rate for unlimited access
To enable this subscription, you will be redirected to the PayServices website.
PayServices is a US-based financial institution developing state
of the art technological solutions in the CyberSecurity space and
the banking industry, more specifically the Global Trade. For more
information, visit the
PayServices.com
website.