CreDec Virtual Account

Payment Management

• Aggregate payment instructions across multiple batches

• Audit trail

• Flag if payee sort and account changed

• Initiate payments from your client's bank account

• Instant payments to supplier/employee

• Multiple accounts and workflows per client

• No access to client bank required

• No intermediary account required to hold funds 

• Payment approvals process

• Schedule future payments

• Upload payroll files

• Upload Xero bill and payroll files

• Xero Bank Feeds

  • Write Xero statement lines automatically

• Xero Bill Payments Integration

  • Automatically pick up changes to pending instructions up until cut off

  • Can't change payee sort and account number if Xero direct payment

  • Choose dates when payments are made

  • Group payments to same supplier across multiple Xero batches (same date)

  • Group payments to same supplier in one Xero batch

  • Initiate remittance emails to suppliers from Xero

  • Instruct payments from Xero