Today, Mesh Payments, one of the fastest-growing global spend management platforms, announced the launch of a new enterprise-grade payment solution that closes the loop between procurement, payment and reconciliation processes to deliver an automated payments experience.
Mesh ProcurePay connects to any ERP or procurement system, creating a seamless, automated workflow from PO to payment.
“Companies no longer have to suffer through manual and expensive procurement processes that lack the flexibility and real-time capabilities of modern spend management,” said Oded Zehavi, CEO and co-founder of Mesh Payments. “We are excited to bring new safeguards and control to the critical payment piece of procurement and help companies save money by taking advantage of consolidated payment incentives too.”
ProcurePay is the first procurement payment solution that seamlessly connects with any ERP and procurement system for unprecedented payment flexibility, improved interdepartmental collaboration, faster month-end reconciliations and enhanced compliance with embedded spend policy controls. In addition, ProcurePay is the only solution flexible enough to support a PO-driven process for both online and in-store purchases with synced virtual and Plug and Pay™ physical cards, ensuring buyers can pay for purchase orders in 200+ currencies in over 140 countries worldwide.
Sagi Pinhas, Senior Director of Global Procurement and Facilities for digital adoption platform leader, WalkMe, said, "Mesh’s payments solution has become an integral part of our procurement process. The value it brings in terms of control, visibility, and enhanced compliance for every credit card payment is significant, and consolidating all of our credit card payment spend helps us to maximize our spend incentives too.”
The launch of ProcurePay comes on the heels of 3X growth in 1H 2023 and significant new product capabilities to help companies save money and streamline finance workflows, as well as competitive customer wins across technology and financial services sectors, including several Fortune 100 companies.
ProcurePay is free for new and existing customers for the remainder of 2023 with additional pricing details to follow later this year.