Outbound Vendor Payments Overview

Asperato Connector enables you to make outbound payments to pay vendors directly using Payments Plus, without the need for bank files. When making an outbound vendor payment using Asperato, Payments Plus can automatically create, post, and match the related cash entries.

Note:

We recommend that you use the Vendor Payments page in Lightning Experience in Accounting to make outbound vendor payments. For more information, see Vendor Payments.

For a list of the supported currencies and regions, see Supported Currencies and Regions.

Note:

Before you begin, you must ensure your administrator has performed the necessary setup. For more information, see Setting up Vendor Payments using Asperato.

To make an outbound vendor payment using the Asperato payment method, use the Payments Plus feature in Accounting.

For more information about creating a new payment proposal for an outbound vendor payment in Payments Plus, see Creating a New Payment Proposal.

Only authorized vendors can receive outbound payments via Asperato so you can use this payment method for specific vendors and currencies. To process a payment through Asperato:

  • The payment currency must be the same as the authorization currency.
  • The payment method and company name specified on the new payment proposal must match those stored on the vendor account's authorization record.

We recommend considering the following when making vendor payments:

  • It is more cost-effective to make a domestic payment rather than an international transfer via SWIFT rails.
  • International payments require different information depending on the country you are paying to. If you are making an international payment, ensure that you have entered a bank IBAN number or bank SWIFT number as required.
  • If your vendor issues invoices in a specific currency that is different from the currency of its bank's location, we recommend creating an international vendor payment authorization for this vendor and also specify the bank SWIFT number. For example, if a vendor's currency is GBP and its bank is in the United Kingdom, but sends invoices in USD, create an international vendor payment authorization in USD for this vendor and specify the bank SWIFT number.

For more information about authorizing vendor accounts, see Outbound Vendor Payments Account Authorization.