AccessPay offers a cloud‑native platform that connects ERP, payroll and other back‑office systems directly to over 11,000 banks, automating payment file processing, validation, signing and submission as well as bank‑statement retrieval and normalization. The solution includes built‑in fraud‑prevention controls, configurable approval workflows, and ISO 20022‑ready transformation to provide secure, straight‑through processing and near‑real‑time cash visibility for corporate finance and treasury teams.
Funding
$445.2K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Finance and treasury teams often rely on manual, fragmented processes for payments, collections, and bank statement retrieval, leading to high operational costs, error and fraud risk, and limited real‑time cash visibility. Integrating corporate ERP or payroll systems with a large number of banks is complex and time‑consuming, especially with diverse file formats and emerging standards such as ISO 20022.
Solution
AccessPay delivers a cloud‑native bank‑integration platform that connects ERP, payroll and other back‑office applications directly to over 11,000 banks worldwide. The platform automates payment file import, validation, signing and submission for domestic and cross‑border transactions, while also retrieving and normalising bank statements for seamless reconciliation. Built‑in fraud‑prevention controls—including account‑name verification, sanctions and payment screening, multi‑factor authentication and configurable approval workflows—reduce fraud and human error. A universal file‑transformation engine handles any common or proprietary payment format and supports ISO 20022 migration, enabling straight‑through processing and real‑time cash visibility across the entire banking estate.
Target Audience
Primary customers are corporate finance, treasury and treasury‑operations teams in mid‑size to enterprise organisations that need to automate payments, collections and bank data flows across multiple ERPs, payroll systems and a large network of banks.
Features
- Direct system‑to‑system connectivity via SWIFT, Host‑to‑Host, EBICS, SFTP or API for secure, straight‑through processing
- Automatic import, validation (modulus checks, duplicate detection) and digital signing of payment files using HSM or smart‑card certificates
- Configurable approval workflows, segregation of duties and role‑based access with MFA/SSO for audit‑ready governance
- Integrated fraud‑prevention suite: account‑name verification, sanctions screening, payment screening and real‑time alerts
- Automated bank‑statement feeds that retrieve, transform (MT940, CAMT, PAIN) and deliver data to ERP/TMS for near‑real‑time cash reporting
- ISO 20022‑ready data enrichment and transformation engine to support global messaging standards
- Scalable subscription model with no per‑transaction fees and a one‑time professional‑services setup charge