Mesh Payments Launches ProcurePay to Streamline the Full Procure-to-Pay Process
Mesh Payments, a global spend management platform, released ProcurePay on July 11, 2023. This enterprise payment solution is designed to connect procurement, payment, and reconciliation processes, delivering an automated payment experience. ProcurePay integrates with any ERP or procurement system, supports PO-driven processes for both online and in-store purchases, and covers over 200 currencies and more than 140 countries. The product is free for new and existing customers for the remainder of 2023.
Mesh Payments Launches ProcurePay to Bridge the Entire Procure-to-Pay Process
NEW YORK — July 11, 2023 — Mesh Payments, one of the fastest-growing spend management platforms globally, today announced the launch of a new enterprise-grade payment solution designed to bridge the gap between procurement, payment, and reconciliation, delivering an automated payment experience. The product, namedMesh ProcurePay, connects to any ERP or procurement system, creating a seamless automated workflow from purchase order (PO) to payment.
"Enterprises no longer need to endure manual and costly procurement processes that lack flexibility and real-time capabilities," said Oded Zehavi, CEO and co-founder of Mesh Payments. "We are excited to bring new assurance and control to the critical payment stage of procurement, and to help businesses save money by integrating payment incentives."
Core Capabilities of ProcurePay
ProcurePay is the first procure-to-pay solution that seamlessly connects to any ERP and procurement system, offering unprecedented payment flexibility, improved cross-departmental collaboration, faster month-end reconciliation, and enhanced compliance through built-in spend policy controls. Additionally, ProcurePay is the only solution flexible enough to support PO-driven processes for both online and in-store purchases, equipped with synchronized virtual cards andPlug and Pay™physical cards, ensuring buyers can pay purchase orders in over 200 currencies across more than 140 countries globally.
Customer Testimonial
Sagi Pinhas, Senior Director of Global Procurement and Facilities at WalkMe, a digital adoption platform leader, said: "Mesh's payment solution has become an integral part of our procurement process. The increased control, visibility, and compliance it brings to every credit card payment is significant, and consolidating all credit card payment spend helps us maximize spend incentives."
Growth and Market Performance
The launch of ProcurePay follows Mesh Payments' 3x growth in the first half of 2023, along with the introduction of several new features to help businesses save money and streamline financial workflows. Additionally, the company has won competitive customers in the technology and financial services sectors, including several Fortune 100 companies.
Pricing and Availability
For the remainder of 2023, ProcurePay will be free for both new and existing customers, with specific pricing details to be announced later this year. To learn more about Mesh Payments' procurement, expense management, and spend solutions, visithere。
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About Mesh Payments
Mesh is the fastest-growing spend management platform in the U.S., uniquely catering to the needs of global enterprises. Finance teams rely on Mesh to manage global spend, automate manual accounting tasks, and optimize financial workflows.
Mesh has been named to CB Insights'Fintech 250list and powers some of the fastest-growing global brands, including Monday.com, Hippo Insurance, Sezzle, and Snyk. Headquartered in New York, Mesh is backed by investors such as Alpha Wave and Tiger Global Management. For more information, visitwww.meshpayments.comor follow itsLinkedInpage.
