Tag Archives: company culture


Paymerang’s Partnership with The Coalition for College Cost Savings

Paymerang’s  partnership with The Coalition for College Cost Savings (CCCS) provides private colleges nationwide a quick way to pay electronically without the addition of significant resources, compliance requirements,  fraud detection, costs or credit limits that come from using traditional bank programs.  “Paymerang is helping to reduce costs and streamline processes to help CCCS member schools reduce the overall cost … Read More

Payment Automation Enables A Better Chance to Pursue Their Mission

Since desegregation, A Better Chance has served talented students of color by opening the doors through which they can best develop their innate potential.  Across the United States, scholars of A Better Chance attend the nation’s premier college preparatory schools, where they grow, thrive, and become the leaders we all want to see in the world—as … Read More

Payment Automation-Bring Accounts Payable into the Modern Age

Finance departments are being asked to do more with less. Consequently they need services that are simple, secure, efficient, and effortless.  Labor-intensive manual processes and outdated technology are challenges faced by many organizations across the country. By switching to a Payment Automation solution, you can reduce the number of steps to process your payables and … Read More

Paymerang Named to Richmond Times Dispatch’s Top Workplaces 2021 in the Mid-Size Category

Paymerang Defines its Workplace with Unmatched Teamwork and High Ethical Standards Paymerang has been named one of the Top Workplaces in the Richmond, VA. region for the third year. The recognition is based on results from the eighth annual Top Workplaces program conducted by the Richmond Times-Dispatch and Energage, a Pennsylvania-based employee research firm. The … Read More

How to Secure your Remote AP Department

It is no secret that the Coronavirus (COVID-19) pandemic has disrupted life as we know it, causing many organizations to transition to a 100% work-from-home environment. Unfortunately, the quick shift from an office to teleworking has compromised the integrity of many organizations’ security. “In 2020, 74% of organizations were targets of payment fraud.”-Association For Financial … Read More

How Infrastructure Improvements Enable Non-Profits to Focus on their Mission

Your mission is to change the world. We can make that a little easier. For non-profits, every dollar counts. And when those dollars are spent on unnecessary operational expenses, it means less money for their mission.  Non-profits struggle to put administrative needs at the forefront of their spending. However, when they embrace technologies, such as Paymerang’s … Read More

Transform Your Business from Top to Bottom Line with Paymerang’s Invoice Automation

Most businesses still depend on manual, paper-based invoice processing. Putting paper invoices, and all the headaches that come with them, in the past is one of the best changes an Accounts Payable department can make—enabling them to focus on more strategic projects and value-added tasks. “Paymerang Invoice Automation is revolutionary for clients that want to … Read More

Paymerang Announces New Partnership with Wyoming Hospital Association

Paymerang is proud to partner with the Wyoming Hospital Association to provide their members with a time and cost-saving AP Automation solution. Paymerang has partnered with the Wyoming Hospital Association (WHA) to provide its best-in-class electronic payables solution to their healthcare community hospitals. With Paymerang, hospitals will be able to automate their accounts payable disbursements, … Read More

Paymerang Saves Over 50K Pounds of Paper and Reduces Carbon Emissions

As an electronic payments company, we are dedicated to reducing paper checks and conserving natural resources. Since our inception, we have processed 2,000,000+ electronic payments. In the process, we have saved thousands of pounds of papers and helped our clients reduce their carbon footprint by reducing Greenhouse gas emissions. We don’t just celebrate Earth Day … Read More

OFAC Compliance and Why It’s Important

Who is OFAC? The Office of Foreign Assets Control (OFAC) is a division of the U.S Department of the Treasury that supports U.S foreign policy by enforcing sanctions against countries and groups. Entities under U.S sanctions include foreign governments, narcotics traffickers, money laundering culprits and organizations involved in terrorism or the proliferation of weapons of … Read More

Paymerang’s Partnership with The Coalition for College Cost Savings

Paymerang’s  partnership with The Coalition for College Cost Savings (CCCS) provides private colleges nationwide a quick way to pay electronically without the addition of significant resources, compliance requirements,  fraud detection, costs or credit limits that come from using traditional bank programs. 



“Paymerang is helping to reduce costs and streamline processes to help CCCS member schools reduce the overall cost of higher education.”-Lyen Crews, President of The Coalition for College Cost Savings

Payment and Invoice Automation solutions allow colleges to take time-consuming manual work out of their accounting department, serve their suppliers and students more efficiently, and open additional streams of revenue. 

Click here to learn more.

About The Coalition for College Cost Savings

The Coalition’s mission is to support state-level higher education member organizations by creating collaborative opportunities for their member colleges and universities to transform processes, reduce cost, and increase efficiencies. Their goal is to leverage the collective buying power of private colleges to reduce operating costs, streamline operations and ultimately lower the cost of delivering education.

Payment Automation Enables A Better Chance to Pursue Their Mission

Since desegregation, A Better Chance has served talented students of color by opening the doors through which they can best develop their innate potential.  Across the United States, scholars of A Better Chance attend the nation’s premier college preparatory schools, where they grow, thrive, and become the leaders we all want to see in the world—as have generations of Alumni before them.



“Our mission is to increase substantially the number of well-educated young people of color who are capable of assuming positions of responsibility and leadership in American society”-Francisco Tezén, CEO at A Better Chance.

Paymerang supports the growth and advancement of A Better Chance through the automation of A Better Chance’s Accounts Payable department.

“I first learned about Paymerang through the Blackbaud BBCon Conference,” said Damaris Watkins, Finance and Admin Manager at A Better Chance, “The implementation process was very easy and convenient and it didn’t feel like it took a lot of work for us to get up and running. The user interface allows for us to work from anywhere and make sure our bills still get paid. It became an essential tool during the pandemic”.

Paymerang Payment Automation provided A Better Chance with a completely paperless payment process while reducing costs, increasing efficiency, improving security, and reducing reconciliation time.


Payment Automation-Bring Accounts Payable into the Modern Age

Finance departments are being asked to do more with less. Consequently they need services that are simple, secure, efficient, and effortless. 

Labor-intensive manual processes and outdated technology are challenges faced by many organizations across the country. By switching to a Payment Automation solution, you can reduce the number of steps to process your payables and reallocate resources where they’re most needed. 

“With Paymerang’s Payment Automation solution, the first word that comes to mind is simplicity. Once you create the batch, you upload, fund, and you’re done. Our solution handles it all—enrolling your vendors, processing payments and even reconcilement” said Franklin Markley, Payment Automation Product Owner at Paymerang.

Making the switch is virtually seamless. Through a simple process change, Paymerang is able to adapt our technology to work with your existing accounting systems and have you up and running in under 30 days.

Electronic workflows and artificial intelligence replace manual processes—eliminating hundreds of hours of labor and minimizing human error, therefore increasing operational efficiency. Encrypting account data with multi-factor authentication reduces payment fraud. Paymerang’s Payment Automation platform lets you move time and financial resources away from stamps, checks and envelopes into more vital parts of your organization.

“A Payment Automation program is meant to be simple. Instead of a burdensome check run and all the work associated with it, businesses are able to focus on their mission” said Nasser Chanda, CEO at Paymerang.

Paymerang Named to Richmond Times Dispatch’s Top Workplaces 2021 in the Mid-Size Category

Paymerang Defines its Workplace with Unmatched Teamwork and High Ethical Standards

Paymerang has been named one of the Top Workplaces in the Richmond, VA. region for the third year. The recognition is based on results from the eighth annual Top Workplaces program conducted by the Richmond Times-Dispatch and Energage, a Pennsylvania-based employee research firm. The program surveys employees about workplace culture, values and leadership, among other criteria.  

“We are humbled by this recognition and take great pride in our company culture and values, and especially in our team members,” said Nasser Chanda, CEO of Paymerang. “Our rapid growth and success within the past few years is attributed to the dedication of each of our employees. As our organization continues to scale, we continually revisit our core values and act on feedback to provide the best experience and support to our clients.”

Paymerang is ranked at #3 this year in the mid-size company category containing 26 organizations with 125-399 employees. Last year, Paymerang ranked #1 in the small size category (124 employees or fewer) and #2 in 2019. The rapidly growing company said earlier this year that it is expecting to add about 100 jobs in 2021. 

Paymerang is deeply invested in fostering an environment of inclusion and growth for team members. “This year, we’ve invested in training and development initiatives for our emerging leaders as well as to develop talent within our sales and operations department,” Chanda added. “Our goal is to cultivate high-performing teams in an environment of continuous learning, where team members can discover their strengths, master new skills, and utilize different tools to overcome new challenges.”

87.5% of the promotions within Paymerang have been women and/or people of color. The exponential growth of the company is unparalleled—growing from 58 employees in 2019 to 169 currently. 

The company pays 100% of employee medical and dental premiums, offers a 6% non-elective 401(k) plan, and awards 15 days PTO and 10 paid holidays per year. 

“Our company values are what drive our team and our success each day. We live by the highest ethical standards, and we simplify complex problems and make payments easy” concluded Chanda.


About Paymerang

Paymerang offers award-winning accounts payable automation solutions to clients around the country in education, nonprofit, healthcare, media, manufacturing, services, and beyond. Through its unique simplicity, Paymerang enables clients to automate their invoice process and pay all their vendors electronically with a single payment file. By handling the entire accounts payable process, Paymerang provides enhanced visibility, efficiency, security, and financial rewards. To learn more, visit https://www.paymerang.com


How to Secure your Remote AP Department

It is no secret that the Coronavirus (COVID-19) pandemic has disrupted life as we know it, causing many organizations to transition to a 100% work-from-home environment. Unfortunately, the quick shift from an office to teleworking has compromised the integrity of many organizations’ security.

In 2020, 74% of organizations were targets of payment fraud.”-Association For Financial Professionals 2021 Payments Fraud and Control Survey Report

Modern technology, such as Paymerang’s Payment Automation and Invoice Automation solutions, enabled companies to carry on with business as usual, even amid a global crisis. Businesses that use technology to maximize their productivity have done better in this climate. Whether that means setting up home offices, conducting zoom meetings, or paying all their vendors with a click of a button.

“65% of treasury and finance professionals believe that the COVID-19 pandemic is to blame for some of the uptick in payments fraud at their companies.”-Association For Financial Professionals 2021 Payments Fraud and Control Survey Report

To address the challenges of this unprecedented time, Paymerang has compiled a list of resources covering topics such as Vendor Impersonation, Mitigating Fraud, AP Best Practices and more.

Our cloud-based invoice and payment automation solutions offer security, flexibility and efficiency, while protecting your payments.  Let Paymerang alleviate the burden of making and securing your business payments so you can focus on more mission-critical initiatives.


How Infrastructure Improvements Enable Non-Profits to Focus on their Mission

Your mission is to change the world. We can make that a little easier.

For non-profits, every dollar counts. And when those dollars are spent on unnecessary operational expenses, it means less money for their mission. 

Non-profits struggle to put administrative needs at the forefront of their spending. However, when they embrace technologies, such as Paymerang’s Payment Automation and Invoice Automation solutions, the burden of signing checks, entering data, tracking payments, monitoring fraud attempts, and manual audits are eliminated, freeing up time and funds to focus on their mission.

Paymerang recently had the pleasure of transforming a global non-profit’s Accounts Payable (AP) department, saving them over 400 hours annually. The Aspen Institute, founded in 1949, drives change through dialogue, leadership, and action to help solve the most important challenges facing the United States and the world.

“I wish we would’ve chosen Paymerang sooner. We will never go back to the old way of doing things” said Becky Lewis, Director of Accounting & Treasury Unit at The Aspen Institute.

The Aspen Institute wanted to reduce the amount of paper in their AP process. Moving checks around the organization for signature and delivery was inefficient and they needed a paperless solution to address the business continuity requirements of remote work. Paymerang Payment Automation provided the Aspen Institute a completely paperless payment process while reducing costs, increasing efficiency, improving security, and reducing reconciliation time.


About Paymerang

Paymerang’s Payment Automation solution lets you move time and financial resources away from stamps, checks and envelopes into more vital parts of your organization. Simply give us your vendor file and we’ll upload them into our system with no extra work on your part—and we’ll do it all in 30 days or less. 

Best of all, by using virtual cards with cash back rewards, you could open a new line of revenue for your nonprofit that can make a big difference in helping you achieve your goals. 


Transform Your Business from Top to Bottom Line with Paymerang’s Invoice Automation

Most businesses still depend on manual, paper-based invoice processing. Putting paper invoices, and all the headaches that come with them, in the past is one of the best changes an Accounts Payable department can make—enabling them to focus on more strategic projects and value-added tasks.

“Paymerang Invoice Automation is revolutionary for clients that want to move into the digital age,” said Nasser Chanda, CEO of Paymerang, noting that it leverages the latest machine learning technology. “Invoice automation is a critical component to full-scale accounts payable automation, thereby helping organizations become more efficient, secure, and profitable.”

Paymerang’s Invoice Automation Solution utilizes artificial intelligence to read captured invoices and extract data points, minimizing the amount of manual data entry. It allows Accounts Payable professionals to gain immediate visibility to all invoices and their approval status, along with enabling companies to go paperless through electronic processing and archiving. The solution increases workflow efficiency through the ability to electronically route and approve invoices. Invoices can be ingested in bulk and split appropriately after they are loaded thus cutting down on time spent inputting invoices into the system. All actions taken on a given invoice are captured and documented, providing an electronic audit trail.

Paymerang recently provided a seamless integration of the Invoice Automation Solution to the accounts payable processes at Collegiate School in Richmond, Va. “We’re delighted with the efficiencies in approving and posting invoices that have been gained through this quality financial product,” said Jenn Quindoza, Controller/Risk Manager for The Collegiate Schools. “Our budget managers now have instant access to processed invoices, and they love that it’s paperless.”

Click here to learn more about Paymerang’s Invoice Automation Solution.

Paymerang Announces New Partnership with Wyoming Hospital Association

Paymerang is proud to partner with the Wyoming Hospital Association to provide their members with a time and cost-saving AP Automation solution.

Paymerang has partnered with the Wyoming Hospital Association (WHA) to provide its best-in-class electronic payables solution to their healthcare community hospitals. With Paymerang, hospitals will be able to automate their accounts payable disbursements, making them more efficient, secure and profitable.

“We are thrilled to partner with Paymerang, an award-winning accounts payable automation provider,” said Josh Hannes, Vice President of WHA. “Our mission is to promote information and education that enables Wyoming hospitals to deliver high quality, adequately financed/cost-effective health care that is universally accessible to all Wyoming citizens. Increasingly, our hospitals are looking for ways to move away from time intensive, paper-based systems so they can be more efficient. This partnership is going to do exactly that.”

This partnership will allow Wyoming healthcare facilities to automate the entire vendor payment process. With the touch of a button, they can automatically pay all invoices. Paymerang makes the payments and handles all the reconciliation, ensuring that payments are processed and paid to the correct accounts. They no longer need to print and mail checks or chase uncashed payments. This simple process change allows hospitals to refocus efforts away from payment processing and reconciliation to more strategic priorities like operational efficiency and financial controls.

“We are excited to welcome WHA’s hospitals to our growing list of clients,” said Paymerang CEO, Nasser Chanda.  “Healthcare Facilities today are facing increased competition and continued regulatory demands, especially during the pandemic. By outsourcing their AP processing to Paymerang, they can focus on managing their core business and taking care of their patients.”

The solution will be made available to all members of WHA and LeadingAge Wyoming, which combined, consist of nearly 60 hospitals and long-term care facilities.


About WHA

WHA is a statewide Association dedicated to providing leadership and representation and advocacy for Wyoming hospitals. The Association, through leadership and collaboration, among all healthcare providers, promotes information and education that enables Wyoming hospitals to deliver high quality, adequately finances/cost-effective health care that is universally accessible to all Wyoming citizens.


Paymerang Saves Over 50K Pounds of Paper and Reduces Carbon Emissions

As an electronic payments company, we are dedicated to reducing paper checks and conserving natural resources. Since our inception, we have processed 2,000,000+ electronic payments. In the process, we have saved thousands of pounds of papers and helped our clients reduce their carbon footprint by reducing Greenhouse gas emissions.

We don’t just celebrate Earth Day today, but we celebrate every day!

The statistics below show how Paymerang’s solution is contributing to a better world.

To learn more about how you can make a difference visit Earth Day Network.


OFAC Compliance and Why It’s Important

Who is OFAC?

The Office of Foreign Assets Control (OFAC) is a division of the U.S Department of the Treasury that supports U.S foreign policy by enforcing sanctions against countries and groups. Entities under U.S sanctions include foreign governments, narcotics traffickers, money laundering culprits and organizations involved in terrorism or the proliferation of weapons of mass destruction.  

Importance of OFAC Compliance

Many companies underestimate how serious the consequences of having an OFAC violation can be. Organizations not complying with OFAC-administered sanctions are liable for significant penalties, even if their action was unintentional or uninformed. The importance of reducing the likelihood of payments being sent to individuals or organizations determined to be threats to US national interests is paramount.

Penalties can include: 

  • Civil penalties: $250,000 or twice the amount of each underlying transaction up to $1,075,000 per violation.
  • Criminal penalties: $50,000 or $10,000,000 fine; 10-30 years in prison
  • Publication of penalty: OFAC publishes the names of companies that have been penalized

See below for drastic increase in entities on the OFAC list since 1994.

Photo by: Enigma

How to Mitigate Risk of OFAC Violations

Screening customers, clients, and vendors should be a key element of any compliance program. Using an ePayments or Finance Automation company for Accounts Payable payments is the best way to effectively protect your company against doing business with vendors on the government’s Do Not Pay list and avoid the penalties.

Our solutions at Paymerang have built in compliance enhancing functions, such as centralized record-keeping for audit purposes, that are critical to being able to demonstrate OFAC compliance. A common short falling of many organizations is not updating the Do Not Pay list, which you can see below is growing exponentially. 


Photo by: Gibson Dunn

Is Your Business OFAC Compliant?

Take some time to assess your compliance program. Does it include OFAC? Are you screening adequately? Does your training include sanctions programs and compliance? 

Paymerang is well-equipped to assist your company in establishing a comprehensive compliance program or improving an existing one. We can also assist with training and auditing. Contact us for a free demo.