Weavr | Payments for procurement platforms

Industry Procurement Platforms

Integrated payments for procurement platforms

Give procurement and finance teams an end-to-end solution by offering the means to make payments — card purchases and bank transfers — directly from your application.

Add these payment powers to your procurement platform

Issue debit cards to procurement managers, under spend controls configured through your system
Depending on your business model, integrate lending offers and/or intermediate payments across your platform
Offer high-volume businesses an efficient way to execute supplier payments in bulk

Here’s what embedded finance brings to your platform

Three major innovation opportunities for your procurement SaaS:

Virtual cards
Payment orchestration
Bulk payments

Virtual cards

Virtual cards
Payment orchestration
Bulk payments

Offer businesses brandable procurement cards

Embed spend-controlled commercial debit cards into your procurement application to provide a more integrated and secure payment experience. Design cards under your own brand or let your customers design their own as a premium feature.

embedded finance for virtual cards in procurement platforms

Why integrate cards into your procurement platform:

Businesses rely on payment cards for procurement — win new business by supporting this in your platform
Grow active subscriber seats as payment cards spread across customer organisations
Boost customer stickiness as payment cards become part of procurement BAU
Earn new revenue from procurement card issuance fees and payment volumes

Procurement customers needs

Procurement teams suffer from juggling multiple systems, with financial operations and payments being a classic break point between teams.

When your platform provides procurement cards — not a third-party fintech app — you keep valuable activity in-house while giving customers a more seamless, efficient experience.

Capabilities you’ll need

Company virtual debit card issuance
Configurable spend control engine
Wallets and inbound funding options
Compliance and identity systems to enrol end customers to regulated financial services
Access to card authorisation and settlement data

Company procurement cards

Built-in virtual-card issuance for procurement managers to pay suppliers:

Purchasing managers

Cards give purchasing managers more autonomy to get their job done end-to-end without waiting for manual finance operations.

Accountants

Accounts Payable managers want to reduce the low-value workload associated with manual supplier payments and reconciliation.

CFOs

Finance leads want fewer errors and fraud, plus greater efficiency. Managing cards within your procurement system delivers both.

Manage payments in your procurement back-office

Larger and more ambitious procurement systems will often involve your business in the trade cycle, particularly in b-commerce and marketplace models. Your AP and AR teams will value payment features built specially for your back-office processes within your procurement platform.

embedded finance for Payment orchestration in procurement platforms

Why add payment facilities for your own team:

Attract new business with smarter, faster, ordering and fulfilment operations
Reduce internal operational complexity and costs around supplier payments
Design escrow or delivery-dependent payment-release mechanisms
Work closely with lenders on profitable procurement credit offers

What stakeholders want

In an intermediated model, your procurement system needs to offer a great user experience for all the stakeholders, including buyers, suppliers, and your own operational and financial teams in the middle.

You’ll want to design a digital system to match your business perfectly and that includes integrating payments. This means taking advantage of advanced “building blocks” for embedded finance from Weavr.

Payment orchestration capabilities

Advanced account issuance and controls across multiple business and user types
Closed-loop payments for both internal cash management and third-party payments
Options to attach cards to supplier or customer accounts
Complete central observability of balances and payment activity

Design advanced payment flows

Connect the players in your procurement ecosystem across multiple businesses and user types:

Buyer AP

The buyers in your platform need a great payment experience and this may include account-to-account (cardless) payments managed by your platform AR team.

Platform finance ops

Your AR and AP teams must coordinate with controllers to ensure timely payments and smooth cash flow — all managed through your custom in-house dashboards.

Supplier AR

Your team can use built-in wallets to release payouts to sellers, pay suppliers by delivery status, or settle credit. Finance teams get a shared view and integrated payments.

Offer easy and secure bulk payments

Procurement teams often work with Accounts Payable to make batch payments. Weavr’s “Payment Run” augments embedded accounts and payments, enabling your platform to offer bulk payment execution. With one (or split) funding transaction covering the total, it automates individual payments — reducing manual work and payment errors.

embedded finance for bulk payments in procurement

Why add bulk payments in your platform?

Position your procurement platform more competitively with a compelling new power feature
Offer existing procurement / AP customers new features you can monetise
Become more tightly integrated into finance team operations and improve loyalty to your platform
Earn new revenue from fees on outbound payment flows

What customers want

Built-in bulk supplier payment capabilities mean procurement teams can manage high-volume payment operations without the bottleneck of manual steps in an external banking systems.

Financial controllers keep their peace of mind over the strictness of payment data and approvals, while operational staff are empowered to take on more of the preparation and checking part of AP.

Capabilities you’ll need

Role-based access controls for procurement staff to prepare and approve bulk payments
Payment rails for account-to-account payments in UK and Europe
Strong controls around payees, payment amounts, and authorisations
Track payment statuses in real time and reconcile against invoices and suppliers
Open banking connections to improve ease and security of funding payment runs

Bulk payments for procurement

Your customers will value new bulk-payment capabilities:

Procurement managers

Managers responsible for ordering from suppliers can now work in a more joined-up way with finance when payments are done in batches

Accounts Payable executives

Accounts Payable staff can take a more direct role in payment prep, while final approvals and execution remain with senior managers.

Finance controllers

Senior finance professionals gain efficiency by securely delegating payment run prep to AP managers — without losing visibility or control over execution.

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Read the guide

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Case study: NUMARQE makes credit work for the mid-cap business market

From legacy high street institutions, through to the more recent new wave of challenger banks, the UK is awash with business credit options. There’s just one problem, however – and it’s quite a big one: none of these options deliver what mid-cap companies actually need.

Read the case study

Ready for free expert advice?

Find out how easy it is to add Embedded Payment Run to your application. Talk to Weavr about your vision for smarter Accounts Payable, and get your questions answered by experts, jargon-free.

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