Vendor Pay
With Vendor Pay, insurers enhance relationships with their trusted suppliers by streamlining and accelerating payments, all while contributing to cost-containment goals.
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Reduced fees
Using bulk payments at a frequency of your choice, you avoid fees applicable to individual transactions for repeat, on‑panel suppliers.
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Simple reconciliation
Vitesse reports offer comprehensive details, enabling your finance operations to proceed seamlessly without administrative overhead.
Cost containment
Fast and reliable payments empower you to negotiate more effectively with your suppliers and achieve your cost-containment goals.
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Vendor Pay is a digital payment solution, empowering insurers and claim administrators to efficiently disburse repeat suppliers. Our solution improves supplier satisfaction and drives cost reductions and operational efficiencies.
Bulk payments
Instruct multiple claim payments via our API or customer portal and add them to a payment batch leveraging a scheduled payment program. Once conditions are met, Vitesse will issue a single payment to your supplier for all claims within the aggregated batch.
Integrated treasury services
To accelerate payments, Vitesse holds your claim funds in secure accounts offering high protection standards along with real-time visibility and control.
Simple reconciliation
Each claim can be individually traced to a scheduled payment batch, ensuring reconciliation integrity.
Turn every first payment into a long-term vendor relationship. Vendor Onboarding enables suppliers to securely register and manage their own legal, tax, and payment information through a self-service portal. Insurers and TPAs no longer need to collect, store, or maintain vendor data, while future payments become faster, simpler, and more reliable through a continuously updated vendor directory.
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Derek Livingstone
Head of Treasury, ManyPets
