Here’s how Orum orchestrates and optimizes money movement for billing, accounts payable and accounts receivable businesses
In the billing, accounts payable, and accounts receivable space being able to orchestrate – specifically speed up or slow down money movement – and optimize payment operations and cost are critical. Orum’s unified APIs and custom-built portal and ledger are being leveraged by many businesses across this industry, for a variety of use cases, because the modern solution is easy to set up and provides unparalleled smart routing and real-time tracking.
Tranch, an invoice-to-payments company that simplifies accounts receivable, and Loop, a logistics payments platform that helps manage transportation costs, rely on Orum to transform their payment technology. Orum’s Deliver API gives Tranch and Loop the ability to set different payment speeds for specific customers or even legs of a transfer.
Tranch and Loop also leverage Orum’s modern portal and custom-built ledger to get a real-time look at their transfers and account verifications, reconcile balances, troubleshoot customer issues, export reports, cancel payments, search and filter, set user management permissions, and more.
Plus Loop and Tranch receive bank-rate pricing and access to expanded processing windows because Orum teamed up with the Federal Reserve to build an extraordinary direct connection to The Fed – allowing us to bring customers both speed and pricing advantages. Orum’s solution delivers access to FedNow, RTP, Same Day ACH, ACH, and Wires — all through one simple integration.
Would your billing business benefit from similar solutions?