Customer support. Our dedicated group of experts is always here for you. Melio Payments Singapore Pte. Ltd …

This year’s Fintech 250 winners are shaping the future of financial services, from s and banking to investing and insurance,” said Brian Lee, SVP of CB Insights’ Intelligence System. “Representing more than 30 nations, these companies are producing safer and more effective approaches, and changing how conventional banking, insurance and investing items are delivered. Together, they not only make financial services easier for users, but also make them readily available to more people, particularly typically underserved populations around the globe.”

 

Batch payments
As soon as to save on time, do multiple payments at.

Points & benefits
Pay by credit card to collect points to use on just about anything.

Approval workflows
Share one account with your team and set everybody’s function & payment consents.

International payments
Quickly pay all your vendors, including those outside the US, from the exact same location.

Easy bill capture
Automate how you pay your organization bills.

Accounting software application sync
Simplify accounting and taxes by syncing with QuickBooks, FreshBooks and more.

Deposits
Split bills into numerous payments and payment techniques for flexibility.

 

And earn rewards for your business expenses milio likewise makes collecting payments civilized and very simple taking all of the awkwardness out of the process so you make money on time always hey my name is ryan and in this video we’re examining melio a totally free expense management service developed to supply organizations flexible ways to pay and keep track of company expenses all in one simple to utilize dashboard by the time you leave this video you’ll know with self-confidence whether emilio is right for your organization as we’re first going to talk about what it is how it works by delving into the site and taking a first-hand take a look at the functions there then we’ll discuss who emilio is best suited for and lastly we will speak about a number of frequently asked questions that you ought to hear prior to signing up yourself so ensure to remain through the whole video if you have an interest in registering for emilio at any point throughout the video make sure to check out the

description and remark area below as you’ll discover a link to register there emilio’s extensive web platform is loaded with functions from the ability to schedule expense payments track a payment every action of the method to two-way data sync with quickbooks integration getting rid of the requirement for dual data entry there are two choices for paying company bills utilizing emilio the first is through bank transfer and the second is through charge card now the best part is is that there’s no monthly or setup charges and there is no fee for making payments by means of bank transfer so you can use melio for entirely complimentary in fact there are just 3 manner ins which you could possibly pay a cost the first is a 2.9 tax deductible charge for payment via credit card the second is when you speed up a check payment and the third is for an international payment each for a 20 cost now among melio’s main selling points is the capability to pay vendors by means of charge card even when they do not accept them this comes with a number of benefits from optimizing your business’s cash flow to extending float up to 45 days or your next billing cycle and to top it off earn credit card benefits on all of your business expenses additionally melio supplies complete build journey details so if you send out

a payment demand to a consumer you can see when the receiver really opens that demand the payment approach they select when they’ve initiated the payment and payment conclusion status you can track any billing until you get paid the very best part is melio does not need your vendor or organization consumer to be a user of the service so you can still make and receive payments your way jumping over to emiliopayments.com after signing up you’ll land on the pay tab this is where you’ll go to create add modify or track the status of an expense it’s actually easy to include a bill let’s go on and click add your first bill payment and you’ll see that there are 3 alternatives for including a bill the very first one is going into info manually second is you can publish a current bill file in this case emilio will scan that file for needed information and the 3rd one is to connect your quickbooks account to melio in this case all of your existing bills inside of quickbooks will automatically sync into your melio dashboard with no extra effort and when you do pay off those bills that will automatically sync back to quickbooks so you don’t have to stress over double information entry next let’s briefly review the get paid tab this is where you’ll go to manage everything related to payments consisting of unsend payments sent in progress and finished payments so let’s go ahead and click start making money and emilio will trigger you to develop a customized payment

button which can be utilized by all of your customers to pay online directly to you this is a really cool function due to the fact that you can implement this in your email signatures or on your site another terrific function about emilio is that your company clients can make payments to you via charge card once you have actually added your bank account and set up your tailored payment button you can pass that 2.9 credit card fee onto them or if you wish to provide higher versatility for them you can pick to absorb that 2.9 charge you can then include a billing by linking your accounting software you can upload one or include one by hand or finally you can share your meliopay button so your clients can add billing details themselves after producing or adding a billing you can see specific analytics

” is honored to be acknowledged as a leader in the industry alongside many other deserving companies,” stated CEO and co-founder Matan Bar. “In the past year, has actually experienced accelerated growth, and we are delighted for what’s to come as we broaden our team to support tactical chances on our course to developing the business-to-business s facilities of the future.”

Utilizing the CB Insights platform, the research team chosen these 250 winners from a pool of over 12,500 private companies, consisting of nominees and applicants. They were selected based on factors including R&D activity, exclusive Mosaic ratings, market potential, service relationships, financier profile, news belief analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed over 2,000 of Analyst Instructions sent by candidates.

supplies a single, integrated s option that permits small businesses to quickly and flawlessly transfer and get s– helping with capital requires, getting rid of late costs, and offering services back valuable time. Covering the past 12 months, the company has actually experienced accelerated development. It now processes $2.5 billion a month in payment volume and is on track to reach an annual run rate of $40 billion by the end of 2022.

has actually now been acknowledged on CB Insights’ Fintech 250 two years in a row.

Quick truths on the 2022 Fintech 250:
Equity funding and deals: The Fintech 250 friend has raised over $115B in equity funding throughout over 1,100 offers given that the start of 2017 (since 9/20/2022). In 2021 alone, winners raised over $51B throughout 337 equity deals.
Unicorns: There are 159 companies with $1B+ valuations on the list.
Just over half (53%) of the selected companies are headquartered in the US, which is the least we’ve seen in the Fintech 250 since 2017. The UK came in second with 31 winners (12%), followed by India with 14 (6%), Brazil with 9 (4%), and Germany with 7 (3%).

 

About Melio
Melio’s objective is to keep small organization in service, helping them to enhance their money circulation and workflow, gain more control over their finances, and optimize their business’s monetary health. It is a totally free, easy, and safe and secure option that allows little organizations and their suppliers to move and receive payments quickly and quickly.

Buried in late fees from your vendors? A number of software choices can automate the process so you can go back to building relationships and profits.

 

While Melio does not require any charge for set up, it charges the users 2.9% on every charge card deal they carry out. Basically, this software application features two various plans– the Accounting professional and Service strategies. While the Accountant strategy is customized to fulfill the needs of accountants who handle other individuals’s financial resources, the Business strategy is created for entrepreneur who choose to handle their own disbursements.

Payment Handling and Organization

Late payment settlement can have a terrible ramification for organization relationships. On the other hand, paying too soon reduces your business cash flows, as you will have less cash to yield profitable returns on investments. Hence, to enhance efficient business relationships and cash flows, your company will require to harness the power of a reliable payment structure.

Melio Payments help you optimize your payment structures by providing you a stress-free means of scheduling your payments in advance. All you require to do is put in the numerous payment you require to make, their particular recipients, and due dates. Melio automatically subtracts the payment amount from your account at your specific payment dates, pays out the exact amounts to your providers and dealerships, and after that sends you a notice mentioning when the payment would be completed.

One outstanding feature of finishing payments with Melio is that you can carry out numerous payments all at once. And all payments will be attended to at their due dates.

Client Profile Management

In addition to providing payment solutions to company owner, Melio is also created for people who oversee other people’s endeavors. This software application permits accountants to arrange and run payments for their various patron business. Its UI also makes it simple for financing supervisors to move from one client’s financial profile to the other without logging out all the time.

Credit Card Remittance Melio Payments Singapore Pte. Ltd

It is no longer news that some dealerships and providers are fussy when getting credit card payments. Some accept specific cards and turn down some others. Melio assists you navigate deals with selective suppliers by charging your payment amounts straight from your card (irrespective of the type) and after that remitting the defined total up to your dealers.

Can Melio Payments Singapore Pte. Ltd pay internationally?

Nevertheless, for each charge card transaction you make on Melio, you get to pay a service charge of 2.9% of the transaction value. If you qualify for discounts and rewards, you can even delight in charge-free deals.

Functions and consents

For each growing service, there comes a time when owners will start to delegate particular responsibilities to third parties. This delegation is so that you can offer rapt attention to profits generation and profit maximization. Coincidentally, payment management occurs to be one obligation that is often appointed to 3rd parties in many companies.

Customer assistance. Our dedicated team of professionals is constantly here for you. Melio Payments Singapore Pte. Ltd. …

This year’s Fintech 250 winners are shaping the future of monetary services, from s and banking to investing and insurance coverage,” stated Brian Lee, SVP of CB Insights’ Intelligence System. “Representing more than 30 nations, these companies are producing much safer and more efficient approaches, and changing how traditional banking, insurance coverage and investing items are delivered. Together, they not just make monetary services easier for users, however likewise make them readily available to more people, especially traditionally underserved populations around the world.”

 

Batch payments
Do multiple payments at the same time to save money on time.

Points & benefits
Pay by charge card to gather indicate use on just about anything.

Approval workflows
Share one account with your group and set everybody’s function & payment consents.

International payments
Quickly pay all your suppliers, including those outside the US, from the very same location.

Easy bill capture
Automate how you pay your business costs.

Accounting software sync
Streamline bookkeeping and taxes by syncing with QuickBooks, FreshBooks and more.

Partial payments
Split expenses into numerous payments and payment techniques for versatility.

 

And earn benefits for your business expenses milio likewise makes collecting payments very simple and civilized taking all of the awkwardness out of the procedure so you get paid on time always hey my name is ryan and in this video we’re examining melio a totally free bill management solution developed to supply services flexible methods to keep and pay track of company costs all in one basic to use dashboard by the time you leave this video you’ll understand with confidence whether emilio is right for your organization as we’re first going to talk about what it is how it works by delving into the site and taking a first-hand take a look at the functions there then we’ll discuss who emilio is finest matched for and finally we will speak about numerous frequently asked questions that you should hear before signing up yourself so make certain to stick around through the entire video if you have an interest in signing up for emilio at any point throughout the video make certain to take a look at the

description and comment section listed below as you’ll discover a link to register there emilio’s all-inclusive web platform is filled with features from the capability to schedule bill payments track a payment every step of the way to two-way information sync with quickbooks integration getting rid of the need for dual data entry there are two options for paying company bills using emilio the very first is through bank transfer and the 2nd is via charge card now the very best part is is that there’s no month-to-month or setup charges and there is no fee for making payments via bank transfer so you can utilize melio for entirely free in fact there are only 3 ways that you could potentially pay a cost the very first is a 2.9 tax deductible fee for payment via charge card the 2nd is when you expedite a check payment and the third is for a global payment each for a 20 cost now among melio’s primary selling points is the ability to pay suppliers by means of credit card even when they do not accept them this features a variety of take advantage of optimizing your company’s cash flow to extending float as much as 45 days or your next billing cycle and to top it off make charge card rewards on all of your business expenses additionally melio offers complete build journey info so if you send out

a payment demand to a customer you can see when the receiver in fact opens that demand the payment technique they pick when they have actually initiated the payment and payment completion status you can track any billing up until you make money the best part is melio doesn’t need your vendor or organization customer to be a user of the service so you can still make and receive payments your way leaping over to emiliopayments.com after signing up you’ll land on the pay tab this is where you’ll go to produce add track the status or modify of an expense it’s truly easy to add an expense let’s proceed and click add your first expense payment and you’ll see that there are 3 alternatives for adding a bill the very first one is getting in information manually second is you can submit a current expense file in this case emilio will scan that file for needed information and the 3rd one is to link your quickbooks account to melio in this case all of your existing expenses within quickbooks will immediately sync into your melio dashboard without any extra effort and when you do settle those bills that will immediately sync back to quickbooks so you don’t have to fret about dual data entry next let’s briefly go over the earn money tab this is where you’ll go to manage everything related to payments consisting of unsend payments sent out in progress and finished payments so let’s go on and click start earning money and emilio will prompt you to develop a customized payment

button which can be utilized by all of your consumers to pay online directly to you this is a really cool function due to the fact that you can implement this in your e-mail signatures or on your site another terrific function about emilio is that your business customers can pay to you through charge card as soon as you have actually added your savings account and set up your personalized payment button you can pass that 2.9 credit card charge onto them or if you want to provide higher flexibility for them you can pick to absorb that 2.9 charge you can then include an invoice by connecting your accounting software you can publish one or add one manually or lastly you can share your meliopay button so your clients can add invoice information themselves after creating or adding a billing you can view particular analytics

” is honored to be acknowledged as a leader in the market along with many other deserving business,” stated CEO and co-founder Matan Bar. “In the past year, has actually experienced accelerated development, and we are thrilled for what’s to come as we expand our team to support strategic opportunities on our path to constructing the business-to-business s infrastructure of the future.”

Using the CB Insights platform, the research study group selected these 250 winners from a swimming pool of over 12,500 private companies, including candidates and candidates. They were selected based upon factors consisting of R&D activity, proprietary Mosaic ratings, market capacity, business relationships, financier profile, news belief analysis, competitive landscape, team strength, and tech novelty. The research team likewise evaluated over 2,000 of Expert Briefings submitted by applicants.

provides a single, integrated s solution that permits small companies to rapidly and perfectly transfer and get s– assisting with cash flow requires, removing late costs, and providing businesses back valuable time. Covering the past 12 months, the business has actually experienced accelerated growth. It now processes $2.5 billion a month in payment volume and is on track to reach a yearly run rate of $40 billion by the end of 2022.

has actually now been acknowledged on CB Insights’ Fintech 250 two years in a row.

Quick facts on the 2022 Fintech 250:
Equity funding and offers: The Fintech 250 mate has actually raised over $115B in equity funding throughout over 1,100 offers since the start of 2017 (as of 9/20/2022). In 2021 alone, winners raised over $51B throughout 337 equity offers.
Unicorns: There are 159 business with $1B+ appraisals on the list.
Simply over half (53%) of the chosen business are headquartered in the US, which is the least we’ve seen in the Fintech 250 given that 2017. The UK came in 2nd with 31 winners (12%), followed by India with 14 (6%), Brazil with 9 (4%), and Germany with 7 (3%).

 

About Melio
Melio’s objective is to keep small business in business, helping them to improve their cash flow and workflow, get more control over their financial resources, and enhance their business’s financial health. was founded by CEO Matan Bar, CTO Ilan Atias, and Ziv Paz in 2018, with head office in New York, an R&D center in Tel Aviv, and western U.S. head office in Colorado. The business has actually raised $506 million to date. Melio’s clever B2B online payment service is custom-made for small companies’ requirements. It is a totally free, easy, and secure service that enables small companies and their providers to move and receive payments rapidly and easily.

Buried in late costs from your vendors? A number of software alternatives can automate the process so you can go back to building relationships and revenue.

 

While Melio does not require any charge for set up, it charges the users 2.9% on every credit card deal they perform. Fundamentally, this software includes two various strategies– the Accounting professional and Business strategies. While the Accountant strategy is customized to satisfy the requirements of accountants who handle other individuals’s finances, the Business strategy is developed for entrepreneur who choose to manage their own dispensations.

Payment Handling and Company

Late payment settlement can have a terrible implication for company relationships. On the other hand, paying too soon reduces your company cash flows, as you will have less money to yield lucrative rois. To enhance efficient service relationships and money circulations, your organization will need to harness the power of a reliable payment structure.

Melio Payments help you optimize your payment structures by providing you a stress-free methods of scheduling your payments in advance. All you require to do is put in the various payment you need to make, their respective recipients, and due dates. Melio automatically subtracts the payment quantity from your account at your specified payment dates, pays out the exact total up to your dealers and providers, and then sends you a notification stating when the payment would be finished.

As soon as, one outstanding feature of completing payments with Melio is that you can carry out multiple payments all at. And all payments will be taken care of at their due dates.

Client Profile Management

In addition to offering payment solutions to entrepreneur, Melio is likewise created for people who manage other people’s endeavors. This software application allows accounting professionals to organize and run payments for their different patron business. Its UI also makes it easy for finance supervisors to move from one customer’s monetary profile to the other without logging out all the time.

Credit Card Remittance Melio Payments Singapore Pte. Ltd.

When getting credit card payments, it is no longer news that some dealers and providers are fussy. Some accept particular cards and turn down some others. Melio helps you navigate transactions with selective suppliers by charging your payment amounts directly from your card (irrespective of the type) and then remitting the defined total up to your dealers.

Can Melio Payments Singapore Pte. Ltd. pay internationally?

For each credit card deal you make on Melio, you get to pay a service charge of 2.9% of the transaction value. You can even enjoy charge-free deals if you receive discounts and rewards.

Consents and Roles

For every single growing organization, there comes a time when owners will start to entrust particular duties to 3rd parties. This delegation is so that you can give rapt attention to earnings generation and revenue maximization. Coincidentally, payment management takes place to be one responsibility that is frequently appointed to 3rd parties in the majority of services.

Consumer support. Our devoted team of experts is always here for you. Melio Payments Singapore Pte Ltd …

This year’s Fintech 250 winners are forming the future of financial services, from s and banking to investing and insurance,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “Representing more than 30 nations, these companies are developing much safer and more effective methods, and changing how traditional banking, insurance and investing products are delivered. Together, they not just make financial services more convenient for users, but likewise make them offered to more individuals, especially traditionally underserved populations around the world.”

 

Batch payments
When to save on time, do numerous payments at.

Points & benefits
Pay by credit card to gather points to use on just about anything.

Approval workflows
Share one account with your team and set everybody’s role & payment consents.

International payments
Easily pay all your suppliers, consisting of those outside the US, from the very same place.

Easy bill capture
Automate how you pay your service expenses.

Accounting software sync
Streamline bookkeeping and taxes by syncing with QuickBooks, FreshBooks and more.

Deposits
Split expenses into multiple payments and payment methods for versatility.

 

And make benefits for your overhead milio likewise makes gathering payments civilized and incredibly easy taking all of the awkwardness out of the procedure so you earn money on time always hey my name is ryan and in this video we’re reviewing melio a totally free expense management service created to supply businesses versatile ways to pay and keep track of company expenses all in one easy to utilize dashboard by the time you leave this video you’ll understand with self-confidence whether emilio is right for your business as we’re first going to discuss what it is how it works by delving into the website and taking a first-hand take a look at the features there then we’ll discuss who emilio is finest fit for and finally we will discuss a number of frequently asked questions that you need to hear before signing up yourself so make sure to remain through the entire video if you have an interest in registering for emilio at any point throughout the video make certain to check out the

description and comment area below as you’ll discover a link to register there emilio’s all-inclusive web platform is loaded with functions from the ability to schedule bill payments track a payment every action of the way to two-way information sync with quickbooks combination removing the need for dual data entry there are two alternatives for paying organization bills utilizing emilio the very first is through bank transfer and the 2nd is via credit card now the best part is is that there’s no monthly or setup charges and there is no cost for paying through bank transfer so you can use melio for completely free in fact there are just three manner ins which you could potentially pay a cost the first is a 2.9 tax deductible charge for payment via credit card the 2nd is when you speed up a check payment and the 3rd is for a worldwide payment each for a 20 cost now one of melio’s primary selling points is the ability to pay suppliers via credit card even when they don’t accept them this comes with a variety of benefits from optimizing your business’s cash flow to extending float up to 45 days or your next billing cycle and to top it off make charge card rewards on all of your overhead furthermore melio supplies total build journey info so if you send out

a payment request to a client you can see when the receiver actually opens that request the payment method they pick when they’ve started the payment and payment conclusion status you can track any invoice until you get paid the very best part is melio does not require your vendor or business client to be a user of the service so you can still make and get payments your way leaping over to emiliopayments.com after registering you’ll arrive on the pay tab this is where you’ll go to create include edit or track the status of an expense it’s actually simple to include an expense let’s go on and click add your first expense payment and you’ll see that there are 3 alternatives for including an expense the very first one is going into details by hand second is you can publish an existing expense file in this case emilio will scan that document for needed info and the third one is to connect your quickbooks account to melio in this case all of your existing expenses inside of quickbooks will instantly sync into your melio control panel with no additional effort and when you do pay off those costs that will instantly sync back to quickbooks so you don’t have to stress over double information entry next let’s briefly discuss the earn money tab this is where you’ll go to manage everything related to payments consisting of unsend payments sent out in progress and finished payments so let’s go on and click start getting paid and emilio will trigger you to develop a personalized payment

button which can be used by all of your customers to make payments online straight to you this is a really cool function due to the fact that you can implement this in your email signatures or on your website another terrific feature about emilio is that your company customers can make payments to you via credit card as soon as you have actually included your bank account and established your personalized payment button you can pass that 2.9 credit card fee onto them or if you wish to offer higher versatility for them you can choose to take in that 2.9 charge you can then add a billing by linking your accounting software application you can upload one or include one by hand or lastly you can share your meliopay button so your clients can include billing information themselves after producing or adding a billing you can see specific analytics

” is honored to be acknowledged as a leader in the industry along with so many other deserving business,” said CEO and co-founder Matan Bar. “In the past year, has experienced accelerated development, and we are delighted for what’s to come as we broaden our team to support strategic chances on our course to developing the business-to-business s infrastructure of the future.”

Using the CB Insights platform, the research study team selected these 250 winners from a swimming pool of over 12,500 personal companies, including candidates and nominees. They were chosen based upon elements including R&D activity, proprietary Mosaic ratings, market potential, organization relationships, financier profile, news belief analysis, competitive landscape, group strength, and tech novelty. The research group also examined over 2,000 of Expert Rundowns submitted by applicants.

provides a single, integrated s solution that enables small businesses to rapidly and seamlessly transfer and get s– assisting with cash flow needs, getting rid of late expenses, and providing services back valuable time. Spanning the past 12 months, the business has experienced sped up growth. It now processes $2.5 billion a month in payment volume and is on track to reach a yearly run rate of $40 billion by the end of 2022.

has actually now been recognized on CB Insights’ Fintech 250 2 years in a row.

Quick realities on the 2022 Fintech 250:
Equity funding and deals: The Fintech 250 accomplice has raised over $115B in equity financing throughout over 1,100 deals considering that the start of 2017 (as of 9/20/2022). In 2021 alone, winners raised over $51B throughout 337 equity deals.
Unicorns: There are 159 companies with $1B+ valuations on the list.
Worldwide Reach: Globalization is a key style for this year’s Fintech 250. The winners represent 33 various nations across the globe – 7 more than last year. Just over half (53%) of the chosen companies are headquartered in the United States, which is the fewest we have actually seen in the Fintech 250 because 2017. The UK can be found in second with 31 winners (12%), followed by India with 14 (6%), Brazil with 9 (4%), and Germany with 7 (3%).

 

About Melio
Melio’s mission is to keep small company in service, helping them to improve their money circulation and workflow, get more control over their finances, and optimize their business’s financial health. It is a free, basic, and safe option that permits little organizations and their suppliers to transfer and get payments quickly and easily.

Buried in late fees from your suppliers? Numerous software options can automate the process so you can go back to developing relationships and profits.

 

While Melio does not require any fee for set up, it charges the users 2.9% on every credit card transaction they perform. Essentially, this software features two different strategies– the Accountant and Service plans. While the Accounting professional plan is tailored to satisfy the requirements of accounting professionals who manage other people’s financial resources, the Business strategy is developed for business owners who prefer to manage their own dispensations.

Payment Handling and Organization

Late payment settlement can have a terrible ramification for service relationships. On the other hand, paying too soon lowers your service cash flows, as you will have less cash to yield lucrative rois. To enhance effective company relationships and money circulations, your service will need to harness the power of a reliable payment structure.

Melio Payments assist you enhance your payment structures by providing you a worry-free methods of scheduling your payments ahead of time. All you require to do is put in the numerous payment you need to make, their particular receivers, and due dates. Melio automatically subtracts the payment quantity from your account at your given payment dates, disburses the specific amounts to your dealers and suppliers, and then sends you a notification specifying when the payment would be completed.

One excellent function of finishing payments with Melio is that you can carry out numerous payments at one time. And all payments will be addressed at their due dates.

Client Profile Management

In addition to providing payment options to company owner, Melio is likewise designed for people who oversee other people’s endeavors. This software enables accounting professionals to organize and run payments for their different customer companies. Its UI likewise makes it simple for financing managers to move from one client’s financial profile to the other without logging out all the time.

Credit Card Remittance Melio Payments Singapore Pte Ltd

When getting credit card payments, it is no longer news that some suppliers and dealers are particular. Some accept certain cards and decline some others. Melio helps you navigate deals with selective suppliers by charging your payment amounts directly from your card (irrespective of the type) and after that remitting the defined total up to your dealers.

Can Melio Payments Singapore Pte Ltd pay internationally?

For each credit card deal you make on Melio, you get to pay a service charge of 2.9% of the transaction value. You can even enjoy charge-free transactions if you get approved for benefits and discounts.

Roles and authorizations

For every growing company, there comes a time when owners will start to delegate specific duties to third parties. This delegation is so that you can offer rapt attention to income generation and profit maximization. Coincidentally, payment management occurs to be one responsibility that is often assigned to third parties in many organizations.