Batch Payments
Fast bulk payments to vendors and employees
Spending too much time on business payments? Pay thousands of vendors, suppliers and employees in 25+ currencies in minutes, with automatic reconciliation in your accounting software.
Bulk Payments
What is a batch payment?
A batch payment (also called a mass or bulk payment) is where you can pay multiple recipients in one transaction. Uploaded batch payments can easily be edited. Once a payment approval workflow is set up, the approver can bulk approve them with just one click.
Making stress-free payment runs
Processing hundreds of payments individually takes time, increases transaction fees, and makes reconciliation a headache. Combine multiple bills for the same vendor into a single payment and say goodbye to busywork.
Pay thousands of staff in minutes
Reduce Electronic Funds Transfer (EFT) files, manual bank transfers and data leak risks with our Xero integration.
D omestic and international batch payments
Schedule hundreds of domestic or international invoice payments with a batch file. Uploaded batch payments can easily be edited in the platform if changes are required. Once a payment approval workflow is set up, the approver can bulk approve them with just one click.
Set up partial payments
Set up and schedule future dated split payments by percentage or dollar amount. Great for importers, new supplies or managing cash flow.
Clients love us. Here’s why.
PlasmaLeap CFO, Nick Bishop
Automation helped PlasmaLeap streamline their spend management
“The ability to fine tune approval and access privileges is great…”
Say goodbye to busywork
Consolidate your business payments into batches, even if there are hundreds of line items, and bulk-approve them with a click. Your payees are auto-notified and the payments are updated in Xero in real-time.
It saves you time and so much of the worst work.
Group, batch and approve. Pay one bill, pay them all. It’s total payment power.
Handle every payment task in one place. From time-saving bulk approvals, to cost-saving money transfers. Total real-time visibility keeps you and your team a step ahead. And your vendors will love the automated remittance updates, clearly branded with your logo.
Ready to harness the time-saving power of batch payments?
Join 2,500 businesses regaining control with OFX today
Simplify your business financial operations in one platform and save time and money.
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Batch Payment FAQs
What are the benefits of using a payroll feature for my business?
At OFX, we make payroll processing quick and simple. Our direct payroll integration with Xero reduces the need for BACS files and allows you to make payroll payments quickly within a secure encrypted connection.
You can also import your CSV or BACS file from your payroll software provider into our system to make timely pay runs. All within a few clicks.
What are the benefits of using batch payments for my business?
It’s easy to do batch payments with OFX. Simply upload a CSV or BACS file to your business account. Instead of having to jump and toggle between softwares or apps, the approval workflow is exactly the same for international and domestic batch payments.
Can I limit the payroll permissions and view of my staff members’ information?
Yes, you can segregate duties across your team members and set different roles and views in the platform. If you outsource your accounts payable to someone outside of your company, you can also give them permission with limited control and access.
How do I access OFX batch payment and payroll solutions?
All of our plans (Standard, Full Suite and Custom) give you access to our batch payment features, and more. For more info, see our pricing plans.
Is it compatible with Xero?
Yes. You can connect your batch or payroll payments to Xero through the OFX Business Account. This integration will push your payroll payments made from Xero. It will not pull your payroll file from Xero into our platform.
To connect your business account to Xero, simply follow the steps below:
- Log in to your OFX Business Account
- Click on “Setup” from the left sidebar menu
- Click on “Integrations” from the dropdown menu
- Click toggle to connect to Xero
- Read the acknowledgment and confirm
- Follow the on-screen instructions to authorise the integration with Xero
Better control and real-time insights with OFX