Tag Archives: company culture


Paymerang Named One of the Nation’s Best and Brightest Companies to Work For in 2021

The National Association for Business Resources has released their Summer 2021 Best and Brightest Companies to Work For® in the Nation and Paymerang is honored to have made the list of 113 winning organizations from 1,000 nominations. “We are thrilled to be named a 2021 Best and Brightest Companies to Work For® in the nation for the third year … Read More

Meet Paymerang’s IT Team

At Paymerang, our values are deep-rooted across all our departments. We’re composed of individuals with expertise in software development, IT, customer support, design, user research, and more. Our collaborative workflow focuses on Paymerang’s values of grit, teamwork, integrity, simplicity, passion and positivity, and customer focus.  If you’re interested in joining, learn more about what it’s like … Read More

Paymerang Makes the 2021 Inc. 5000 List of America’s Fastest Growing Companies

Paymerang Ranks #2373 on the 2021 Inc. 5000 List of America’s Fastest Growing Companies with Three Year Revenue Growth of 178%  Paymerang, a leader in payment automation and invoice automation, announced it has ranked #2373 on the 2021 Inc. 5000 list, ranking it among the fastest growing private companies in America, and 2nd fastest growing software … Read More

3 Reasons Why Physician Offices Should Automate Accounts Payable

The financial impact of COVID-19 has challenged the healthcare industry in many ways that have increased expenses and limited revenue. Financial leaders are asked to do more work, with less available resources. The good news is that there are ways to close the revenue gap. One administrative process that all healthcare organizations can elevate is … Read More

Paymerang Hosts Office Olympics

At Paymerang, we believe in hard work, determination and positively impacting each other. But that doesn’t mean that we don’t all enjoy some friendly competition every now and then.  In honor of the Tokyo 2020 Summer Olympics, we hosted our very own!  “Paymerang’s culture has many strengths and teamwork is one that truly stands out. Knowing … Read More

5 Ways Manufacturers Can Gain Efficiency

Technology is drastically changing how we do business. Organizations need services that are simple, efficient and effortless. An industry that experiences this at large is manufacturing. The changing landscape of production and distribution coupled with exponential customer needs, increases their need for streamlined and automated processes.   “How can manufacturing organizations juggle the difficult fraud landscape … Read More

Paymerang and Nebraska Hospital Association Webinar Series Highlights Accounts Payable Automation in Healthcare

Paymerang has partnered with the Nebraska Hospital Association (NHA), a statewide trade association representing Nebraska hospitals and health systems to provide its best-in-class electronic payables solution to their member hospitals. With Paymerang, hospitals can automate their accounts payable disbursements, making them more efficient, secure and profitable. Paymerang is a world-class finance automation solution that strives to bring awareness … Read More

Paymerang Featured in Payments Dive

In a recent article with Payments Dive, Paymerang CEO Nasser Chanda discussed the urgency of automating administrative offices, specifically payments, in a post pandemic world where business continuity is the key to success. “When the COVID-19 pandemic shifted work to employees’ homes, businesses realized they needed a different solution for their check-cutting operations. There is a … Read More

Paymerang Featured in Corporate Vision Magazine

A recent edition of Corporate Vision Magazine featured Paymerang, detailing it’s defining features of being a secure, integrated finance automation system that rewards users when they make supplier payments.  Serving mid to small size businesses across more than a dozen industries, Paymerang offers an ever-growing suite of finance automation systems that have been designed to simplify and … Read More

Paymerang’s CEO Nasser Chanda Named EY Entrepreneur of the Year 2021 Finalist in the Mid-Atlantic Region

Chanda Recognized as Part of the 35th Class of Unstoppable Entrepreneurs Who Transform Mid-Atlantic and Beyond Paymerang’s CEO Nasser Chanda was named an Entrepreneur of the Year® 2021 Mid-Atlantic finalist by Ernst & Young LLP (EY US). Now in its 35th year, the Entrepreneur Of The Year program honors unstoppable business leaders whose ambition, ingenuity and courage in the face of adversity … Read More

Paymerang Named One of the Nation’s Best and Brightest Companies to Work For in 2021

The National Association for Business Resources has released their Summer 2021 Best and Brightest Companies to Work For® in the Nation and Paymerang is honored to have made the list of 113 winning organizations from 1,000 nominations.

“We are thrilled to be named a 2021 Best and Brightest Companies to Work For® in the nation for the third year in a row. We take our company values seriously and believe this award reflects our strong and resilient culture,” said Gloria Garber, Director of People and Culture at Paymerang. “Our continued growth and success is attributed to the dedication from our team members who foster a high-performing and supportive environment where we rally around common goals and celebrate successes together.”

Committed to providing a work environment focused on work-life balance, healthy lifestyles, philanthropy, and personal and professional development, Paymerang continues to provide its employees with several benefits including:

  • Hybrid Work from Home Work Model
  • 18 days PTO + 10 paid holidays
  • Maternity and paternity leave
  • 100% medical and dental premiums paid by Paymerang
  • 401(k) plan with a 6% non-elective match
  • 100% company-paid volunteer time

“Paymerang and our team continue to amaze and inspire me. The pandemic presented some challenges as our clients shifted to working remotely, when it came to processing payments though, we didn’t skip a beat,” said Bill Forness, Technical Business Lead at Paymerang. “We worked with tens of thousands of small businesses to ensure they continued to operate efficiently. Our culture and the way we embody our corporate values have made this an incredible place to work for the last six years.” 

The 2021 Summer National winning companies were assessed by an independent research firm which reviewed several key measures relative to other nationally recognized winners. The Best and Brightest Companies to Work For® winners are not ranked.

The Best and Brightest Companies to Work For® in the Nation Winners will be honored during dual virtual Illuminate Business Summit weeks in October, 2021 and February, 2022 During the Illuminate Business Summits the 101 highest scoring national winning companies and the Elite awards will also be awarded to the highest winning companies demonstrating exceptional innovative human resource practices and setting high standards for all businesses.

The Elite categories include: Compensation, Benefits and Employee Solutions; Employee Enrichment, Engagement and Retention; Employee Education and Development; Recruitment, Selection and Orientation; Employee Achievement and Recognition; Communication and Shared Vision; Diversity and Inclusion; Work-Life Balance; Community Initiatives; Strategic Company Performance, and the Best of the Best: Small Business, Medium Business, and Large Business.

With over 20 years of experience conducting the Best and Brightest competitions, the National Association for Business Resources (NABR) have identified numerous best Human Resource practices and provided benchmarking for companies that continue to be leaders in employment standards.

“The Best and Brightest is a powerful community of elite leaders who share ideas and practices, and have proven they are employers of choice,” said Jennifer Kluge, President and CEO, Best and Brightest Programs. “Best and Brightest winning companies have also been a voice for important actions in creating a sustainable culture that works, ensuring the wellbeing of their employees come first.”

All 2021 companies selected to be recognized nationally as a Best and Brightest Company to Work For® will be featured in the online edition of Corp! Magazine.

If you’re looking to join a company that continues to invest in its employees, customers, and community, check out Paymerang’s open positions here.


About the Best and Brightest Programs

The Best and Brightest Companies to Work For® competition identifies and honors organizations that display a commitment to excellence in operations and employee enrichment that lead to increased productivity and financial performance. This competition scores potential winners based on regional data of company performance and a set standard across the nation. This national program celebrates those companies that are making better business, creating richer lives and building a stronger community as a whole. There are numerous regional celebrations throughout the country such as Atlanta, Boston, Chicago, Dallas, Detroit, Grand Rapids, Houston, Milwaukee, San Diego and San Francisco. Nominations are now being accepted for all programs. Visit thebestandbrightest.com to nominate your organization.


 

Meet Paymerang’s IT Team

At Paymerang, our values are deep-rooted across all our departments. We’re composed of individuals with expertise in software development, IT, customer support, design, user research, and more. Our collaborative workflow focuses on Paymerang’s values of grit, teamwork, integrity, simplicity, passion and positivity, and customer focus. 

If you’re interested in joining, learn more about what it’s like to be part of Paymerang first-hand from our IT team below. This ‘meet the team’ blog post series will give you a glimpse into our collaborative processes and how we’re making a difference in financial technology nationwide. 


Drew   

What’s the most interesting thing you have worked on so far?

“The most interesting thing I have worked on so far is creating the Admin app. Being able to see an application built from the ground up has been a tremendously rewarding opportunity for both my career development and personal interest.””

How would you describe the culture on the IT team?

“The culture of the IT team can be described as a diverse and welcoming culture that promotes creativity and teamwork. I describe the culture as diverse because we have a variety of cultural groups on the team which helps bring multiple perspectives to the table and makes it more interesting getting to know your co-workers. I describe the culture as welcoming because everyone on the team is so friendly and we really put an emphasis on getting new team members up to speed without overwhelming them. The culture promotes creativity by giving developers free range to come up with coding solutions, so long as they adhere to Paymerang standards. The culture promotes teamwork by having daily meetings with team members that allow developers to bounce ideas off other teammates to ensure solutions are well vetted.”

What’s your favorite thing about working for Paymerang?

“My favorite thing about working for Paymerang is being able to see the company progress over the years and know that I played a part in that progress. The things Paymerang is doing are simply exciting from increasing office space and hiring new faces, to launching new IT products and producing an influx of new customers. The sky is the limit for Paymerang, and I feel fortunate to be a part of a company with such potential.”

Katelyn

What’s the most interesting thing you have worked on so far?

“I’ve pretty much enjoyed everything I’ve worked on so far because it all brings a challenge that I’ll need to overcome. I would say I’ve had the most fun working on the new Admin platform.”

How would you describe the culture on the IT team?

“The IT team culture is relaxed and fun but also serious and hardworking. We have fun with our small teams (i.e.: the admin teams are named after Pokemon), but within those teams, we’re collaborating to both move tickets across the lane and to learn and grow from one another.”

What’s your favorite thing about working for Paymerang?

“My favorite thing about working for Paymerang is being a part of a team that’s transitioning legacy code to more modern code. I love the challenge that it brings, and it keeps me motivated every day.”

Mark

What’s the most interesting thing you’ve worked on so far?

“This is a tough question to answer because of how many incredible things are currently in development. For me, personally, I’ve always loved the challenge of solving complex problems for our customers through technology. The need to balance a world-class user experience with software that both provides exceptional value and is unfailingly secure is exciting and a whole lot of fun.”

How would you describe the culture on the IT team?

“Software development is a team sport. The level of collaboration and knowledge-sharing across the team is inspiring and drives each of us to be the next one with a game-changing suggestion or improvement to our process. There isn’t a day that goes by that I’m not learning something new or growing into a better developer. There is also great care taken to ensure that each one of us is seen and supported as an individual. I’m incredibly grateful to know that my personal development (and that of each of my teammates) is instrumental to the success of the team and is prioritized as such.”

What’s your favorite thing about working for Paymerang?

“Our dedication to our values. Our values set an objectively high bar for all of us, and it is inspiring to see us grow so quickly while refusing to compromise on how we treat each other and our customers. I love coming to work every day with teammates that have committed to an extraordinary model of professionalism and service to both our customers and colleagues.”

Ashley

What’s the most interesting thing you’ve worked on so far?

“I’ve really enjoyed coding for the application that Paymerang administrators use to run internal processes. It has been exciting learning the ins and outs of the technologies used, seeing the product evolve, and being a part of the team that continuously adds features and enhancements.”

How would you describe the culture of the IT team?

“The IT team is supportive and collaborative. Our emphasis on working together has allowed us to efficiently meet goals as a group. This team-focused culture empowers junior developers to gain exposure by solving a wide variety of technical challenges. When someone is stuck on a problem, others on the team are quick and willing to respond and provide assistance. Additionally, new ideas are encouraged and valued, allowing us to constantly improve our processes.”

What’s your favorite thing about working for Paymerang?

“One of my favorite things about working for Paymerang is that Paymerang invests in its employees. There are clear opportunities for professional growth and career advancement. I feel that while being a part of this rapidly growing organization, I’m also developing my skills at the same time.”

Gina

What’s the most interesting thing you’ve worked on so far?

I really enjoyed learning how to set up subscriptions so that the Invoice Automation app will update in real time as users make changes to invoices.

How would you describe the culture on the IT team?

Collaboration, innovation and grit.

What’s your favorite thing about working for Paymerang?

Working on really cool new IA features with a great team of people!


To learn more about Paymerang’s Career Opportunities, click here.

Paymerang Makes the 2021 Inc. 5000 List of America’s Fastest Growing Companies

Paymerang Ranks #2373 on the 2021 Inc. 5000 List of America’s Fastest Growing Companies with Three Year Revenue Growth of 178%

 Paymerang, a leader in payment automation and invoice automation, announced it has ranked #2373 on the 2021 Inc. 5000 list, ranking it among the fastest growing private companies in America, and 2nd fastest growing software company in Richmond, Va. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Ranks are based on percentage revenue growth from 2017 to 2020. 

Previously, Paymerang ranked 2,899 in 2020 with a growth rate of 137% based on percentage revenue growth when comparing 2016 and 2019

“We’re honored to make the Inc. 5000 list for a second consecutive year, moving up 526 spots. We’re grateful to our passionate team members and all our amazing clients and partners that helped us get here,” said Nasser Chanda, CEO, Paymerang. ”Our business is accelerating and we’re making a huge difference in supporting finance teams across America—in healthcare, education, manufacturing, non-profits, public sector, and services—to become more efficient, secure, and profitable. The resiliency of our people in this phase of hyper-growth during a global pandemic has been phenomenal.”

Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.

“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”

To learn more about Paymerang’s Finance Automation solutions, schedule a demo here.


More about Paymerang, Inc. and the Inc. 5000

Paymerang

Paymerang provides award-winning invoice and payment automation solutions that bring Accounts Payable (AP) departments into the modern age. Paymerang’s solutions save AP departments hundreds of hours annually, enhance visibility, increase accuracy, improve efficiency, and earn rebates while reducing paper, fraud risks, and operating costs. To learn more, visit Paymerang.com

Methodology

Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000.  Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

For more information on the Inc. 5000 Vision Conference, visit http://conference.inc.com/

 

3 Reasons Why Physician Offices Should Automate Accounts Payable

The financial impact of COVID-19 has challenged the healthcare industry in many ways that have increased expenses and limited revenue.

Financial leaders are asked to do more work, with less available resources. The good news is that there are ways to close the revenue gap.

One administrative process that all healthcare organizations can elevate is their Accounts Payable process, resulting in reducing costs, generating new revenue streams while delivering exceptional patient care. 

Many practices have asked themselves the following question: “is our practice using its resources wisely?” We’ve compiled a list of how to streamline your operations, maximize  revenue, create better processes—ultimately leading to better patient care.

1.Efficiency:  Healthcare finance teams are constantly shifting their focus from one task to the next. It tends to be a one-person show in smaller practices, with the practice administrator wearing many different hats. Manually keying invoice data is time-consuming and takes away from other strategic initiatives that drive better outcomes for the practice. Not to mention the long, drawn-out, and inefficient process of having to chase down doctors or department heads to approve invoices. Invoice Automation immediately provides complete visibility to all invoices in a centralized location and harnesses the power of artificial intelligence to electronically route invoices for approval. By automating payment disbursements, the practice no longer needs to enroll vendors into specific payment methods, send checks, or reconcile payments. You no longer must pick up the phone to make credit card payments, track down outstanding checks or manage risky vendor data. With a single file upload to Paymerang’s cloud-based portal, all your vendors are enrolled in their preferred method of payment and the individual transactions are reconciled. From procurement to payment, finance automation is in the palm of your hand.

2. Security: According to the Association for Financial Professionals, in 2019, 81% of organizations experienced payment fraud. With the introduction of telehealth and remote payment options, financial compliance and security issues have only become increasingly complicated. Healthcare practices must continue to stay vigilant when making payments, since most organizations don’t think about fraud risk until it’s too late. Paymerang is a SOC-2 firm that undergoes annual audits for PCI, NACHA, and OFAC Compliance. We offer payments to vendors in 3 different ways—virtual cards, ACH, and checks, ensuring that they get paid on time in the manner they prefer.

3. Profitability: Paying vendors by checks can add up quickly. Most organizations don’t realize how much they are spending on an annual basis to pay their suppliers. Imagine the cost of check stock, stamps, ink,  bank fees and machine maintenance for all the checks you print. That’s not even counting the cost of the labor.  Now, can you see all the work on the back-end that comes with processing payments? Having your staff make phone calls to vendors; chasing payments or other issues can be detrimental to the healthcare business workflow. By allowing Paymerang to process your AP payments, you will see an immediate increase in efficiency, AP processing cost reduction and decreased duplicate or missed payments. 


To learn more about Paymerang’s Payment Automation solution, schedule a demo here.

Paymerang Hosts Office Olympics

At Paymerang, we believe in hard work, determination and positively impacting each other. But that doesn’t mean that we don’t all enjoy some friendly competition every now and then.  In honor of the Tokyo 2020 Summer Olympics, we hosted our very own! 

“Paymerang’s culture has many strengths and teamwork is one that truly stands out. Knowing this, we thought it’d be fun to turn that strength into a friendly internal competition. Inspired by the summer Olympics, we held a weeklong event to see which team could capture the coveted title of Office Olympics Champion. From paper football to chair relay tournaments, there was an electrifying atmosphere and laughter throughout the office all week. As the final event approached, the spirit of competition was palpable and there was nothing trivial about this round of virtual trivia! Our Finance team took the gold medal this year, Sales and Operations tied for silver, and Product/IT took bronze. The team spirit and energy everyone brought to the table was unmatched!” said Gloria Garber, Director of Human Resources. 

Monday morning we rolled into the Opening Ceremonies with an office chair relay race. This event had contestants and onlookers alike on the edge of their seats. Each team could barely contain their excitement as ping pong balls plopped precariously and plastic wheels crunched across the carpet. Although the Marketing Team tested out the balance and torque of their chairs, the Finance Team prevailed. 

“The office Olympics was an awesome way to have some friendly competition between departments, and to work together with your team. It was a fun way to meet newer employees, and gave us lots to laugh about. I can’t wait to defend the title with finance next Olympics!” said James Fleetwood, Accounting Assistant. 

Day 2 kicked off with a highly anticipated paper football challenge. The Sales Team was feeling confident as they’ve held onto the title as Paymerang paper football champions since the last Super Bowl LV.  As fingers flicked and footballs flew, their grit and determination kept sales above the fold as they took home the W!

“The office Olympics was my favorite engagement event to date! It was a blast being able to strategize and participate in activities as a team. The office was buzzing all week with encouragement, competition, and laughter. The positive energy and teamwork from all departments was great to see!” said Nicole Allen, Invoice Automation Product Owner.

Day 3’s event was a tilt-a-cup challenge where the Operations team exhibited relentless perseverance, gained the cupper hand, and won the gold! 

“The Paymerang office Summer Olympics stirred my esprit de corps. We fostered healthy competition and a spirit of friendship between teams competing for the ultimate glory. Every team involved showed the effort, the struggle, refusing to give up…..even when the slinky wouldn’t land properly on your forehead. Win lose, or draw…..everyone loves a slinky” said Chris Carlton, Vice President of Business Development. 

Day 4 of the office Olympics had everyone banding together as a team for the “pink elephant” competition. Click here to see this hilarious game. The Sales team slunk away with the gold, sporting a score of  0.00.68 seconds— once you try this at home, you’ll understand why that score is so impressive!

“I had a terrific experience joining together with new and familiar faces alike for a week of fun competitions! After a year of only seeing my teammates in Zoom tiles, it was incredibly fulfilling to cheer, laugh, and collaborate as we competed to take home the Gold!” said Anthony Burkett, Digital Marketing Manager.

The 2021 Paymerang Office Olympics concluded with an intense trivia competition using Kahoot! so employees could participate both in the office and remotely. Including questions about history, literature, science and music—the Operations team left no question as they captured the gold! 

“During the pandemic, we’ve hired 96 of our 178 current employees. A lot of them only know zoom faces, so as we’ve been able to be back in the office together, we wanted to create an event for some friendly inter-team competition to help our employees get to know each other better. It was a great way to have our new and seasoned team members share in continuing to build the great culture we have at Paymerang and exemplify our values of Passion and Positivity and Teamwork.” said Michael Lafon, Human Resources Generalist. 

The MVP of the Paymerang 2021 Summer Olympics was Office Manager, Kari Wright who organized this week of fun for everyone both working in the office and remotely. 

We’re already looking forward to next year’s Paymerang Olympic Games!

5 Ways Manufacturers Can Gain Efficiency

Technology is drastically changing how we do business. Organizations need services that are simple, efficient and effortless. An industry that experiences this at large is manufacturing. The changing landscape of production and distribution coupled with exponential customer needs, increases their need for streamlined and automated processes.  


How can manufacturing organizations juggle the difficult fraud landscape against the needs of their customers and suppliers without making major sacrifices along the way? One critical strategy is streamlining, automating and securing key accounts payable functions. That results in a host of benefits in addition to greatly reducing the risk of fraud, such as greater efficiency, reduced costs, and increased AP staff productivity.”Industry Today


Electronic payments enable manufacturers to pay more vendors efficiently and securely. By adopting a payment automation solution, manufacturers can simplify their accounts payable process along with other benefits: 

  1. Time Savings
    • Manufacturers are accustomed to using the latest technology for their production lines and mechanization—why not in their administrative office too? You can approve and process all of your payments with the touch of a button. There is no need to print, sign, stuff and mail checks. You simply login to Paymerang, upload your payment file, fund your batch, and mark the items as paid and you’re done. Your finance team now has more time to focus on more mission-driven initiatives that will help your business deliver world-class products.
  2. Faster Payments
    • We’ll take care of processing all payments and handling reconciliation and follow-up. Payments are processed the same day we receive funding, so vendors get paid quicker and more efficiently.
  3. Increased Security
    • Making payments through Paymerang reduces the risk of payment fraud. We encrypt all of your payment data and restrict system access using two-factor authentication. Card payments are made with virtual debit cards that are pre-loaded with the exact bill amount. For vendors that prefer ACH payments, we confirm the identity of your vendors based on information provided by you and invite them to sign up for ACH direct deposit through a secure login. Our secure process shields you against phishing attacks and protects against fraud.
  4. Business Continuity
    • Our cloud-based solution is an integral part of manufacturer’s business continuity plans because it enables you to make vendor payments from anywhere. Our team of payment specialists ensure payments are made on time, with no disruption, to ensure that the valuable supply chain and your business can continue to move forward.
  5. Rebates and Cost Savings
    • Payments made through our secure network, will help your organization earn cash back rewards. Every payment made via virtual card earns a rebate and quarterly your business receives a direct deposit with your cash back rewards. Your business will also see thousands of dollars in cost savings from process improvement.

To learn more about Paymerang’s Payment Automation solution, schedule a demo here.

Paymerang and Nebraska Hospital Association Webinar Series Highlights Accounts Payable Automation in Healthcare

Paymerang has partnered with the Nebraska Hospital Association (NHA), a statewide trade association representing Nebraska hospitals and health systems to provide its best-in-class electronic payables solution to their member hospitals. With Paymerang, hospitals can automate their accounts payable disbursements, making them more efficient, secure and profitable.

Paymerang is a world-class finance automation solution that strives to bring awareness to important accounts payable topics. Paymerang enables hospitals to reallocate time and resources toward critical tasks like providing excellent patient care. 

The partnership also presents thought leadership educational opportunities for CFOs, Controllers, and Accountants through a three-part webinar series. This free webinar series is open to NHA member hospitals and covers the following topics:

Part 1: Efficiency: Electronic Payments Save Time and Money and Allow AP to Focus on Mission Critical Tasks

April 29, 2021, 1:30 – 2:30 pm CT

Accounts payable staff are now busier than ever, and AP leaders are eager to improve operational efficiency and effectiveness. Paying vendors electronically frees staff from the drudgery of manual check processing, allowing them to focus more of their time on higher-value activities such as data analysis and supplier management.

Learning Objectives:

  • Discuss current AP pain points and headaches
  • Uncover ways to make AP more efficient
  • Understand how AP teams can reallocate time and resources

Part 2: The Past, Present and Future of Payments – The Evolution of Commercial Payments

June 24, 2021, 1:30 – 2:30 pm CT

Many organizations are adopting technology and automating to increase efficiency and save costs. Has your hospital or health system embraced electronic payments? Are you gaining all the benefits and avoiding the pitfalls of electronic payments?

Learning Objectives:

  • Learn about past B2B payment trends
  • Discover current technology and benefits of leveraging electronic payments
  • Learn about the future of business payments and the role of automation

Part 3: Fraud: Are Your Business Payments Safe?

August 26, 2021, 1:30 – 2:30 pm CT

Did you know your current check processing is posing risks and exposing your AP payments to payment fraud risks? With internal and external threats on the rise, accounting teams have no time to lose in mitigating the risk of payment fraud, safeguarding sensitive banking information, and ensuring the integrity of the accounting system. Electronic payment solutions, such as virtual cards and ACH transactions, provider greater protections than paper checks, mitigating the risk of payment fraud. 

Learning Objectives:

  • Discuss growing payment fraud risks to your organization
  • Highlight recent payment fraud incidents that have impacted businesses
  • Learn how to safeguard your business payments through e-payments.

For more information regarding services available to NHA member hospitals from Paymerang contact Colleen Crist at (804) 239-5305 or ccrist@paymerang.com

Paymerang Featured in Payments Dive

In a recent article with Payments Dive, Paymerang CEO Nasser Chanda discussed the urgency of automating administrative offices, specifically payments, in a post pandemic world where business continuity is the key to success.

“When the COVID-19 pandemic shifted work to employees’ homes, businesses realized they needed a different solution for their check-cutting operations. There is a seemingly sleepy corner of the payments sphere that woke up with a jolt when the COVID-19 pandemic struck” said Lynne Marek, Payments Dive Senior Editor.

Most businesses have an antiquated accounts payable process; manually signing checks, stuffing envelopes, and reconciling. Those organizations had a rude awakening when their manual processes could not be performed from someone’s home due to the pandemic restrictions. 

 “Companies could no longer go into their offices to cut checks,” Chanda said in explaining the increase in demand for such services.

In the future, Chanda expects a natural extension for Paymerang would be in providing automated receivables services to the hundreds of thousands of vendors that it’s currently making payments to as it processes invoices for its business customers.


Learn how your finance team can leverage the latest in finance automation technology by scheduling a no-obligation call with the Paymerang team.

Click here to read the full Payments Dive article.


Paymerang Featured in Corporate Vision Magazine

A recent edition of Corporate Vision Magazine featured Paymerang, detailing it’s defining features of being a secure, integrated finance automation system that rewards users when they make supplier payments. 

Serving mid to small size businesses across more than a dozen industries, Paymerang offers an ever-growing suite of finance automation systems that have been designed to simplify and illuminate the world of payment solutions. 

Paymerang’s Payment Automation is an integrated payables solution which gives clients the means to easily submit a payment file, fund the payments in bulk, and mark the payments as closed within their accounting systems. From vendor enablement, to remittance, to reconciliation for all payment types and delivery methods, Paymerang offers a simple and comprehensive solution that today processes billions of dollars in payments each year for hospitals, universities, banks, public utilities, billion-dollar corporations, professional sports teams and more. 

Consequently, Paymerang is fulfilling the goal it set itself when the firm was established in 2010; to deliver a solution that would facilitate electronic supplier payments for businesses while simultaneously generating profit. Like a boomerang, the idea behind Paymerang was centered on reciprocal actions: pay out money, and money comes back to you. 

The result is a new revenue stream that is 100% self-funded, with no out-of-pocket costs for the client and the ability to opt out at any time. Moreover, Paymerang’s cloud-based solution integrates seamlessly with all accounting systems and is implemented with under ten hours of client effort. 

Paymerang’s operational capabilities are extensive, beginning with faster payments for suppliers of its clients. Paymerang uses virtual cards which provide cashback rewards. Moreover, payments made through virtual cards are entirely risk-free, as they are paid through a FBO account to keep the client’s bank account completely secure. Finally, all payments made are followed up by Paymerang until they have been executed, and new vendors are automatically continuously enrolled with each payment file. 

In 2020, Paymerang added to its services with the launch of its Invoice Automation solution, that has already been widely praised by clients. Like its Payment Automation system, Paymerang’s Invoice system delivers a wide range of services, from electronically capturing invoices, capturing data through AI and machine learning, to posting to the general ledger. Thus, through its growing service capabilities, Paymerang has become a trusted partner to businesses of all shapes and size, handling their payment solutions safely, efficiently, and in a way that financially benefits the businesses themselves. It’s a win-win-win situation. 

The outbreak of the Covid-19 pandemic had a range of implications for Paymerang which required quick adjustment from its team. For example, the marketing team was forced to swivel from attending five to ten trade shows a month to an entirely virtual show and webinar schedule. 

However, it is a transition that has been accomplished with great success, thanks predominantly to a team and company culture that champions humanity in an industry that is very focused on software and automation. Values like integrity, passion and positivity, simplicity, teamwork, customer-centricity, and resilience have seen Paymerang adjust well to a virtual strategy that will continue to complement its trade show calendar as business resumes post pandemic. 

Additionally, Paymerang has seen demand for its automated solutions increase during the pandemic, owing to a growing reliance on automation and electronic payment systems from businesses who are working remotely. Melissa Woodin, a Controller at Hotchkiss School states that the school would not have been able to operate remotely without Paymerang, and many other clients share that view. 

From enhancements within both the payment product itself and invoice automation, to some additional receivables offerings, Paymerang is going above and beyond to ensure that it is the premier choice in payment solutions for its mutually beneficial systems. 

As such, Paymerang is currently investing its efforts into growing its product offering for clients, with aims of encompassing the entire spectrum of finance automation. 

Learn how your finance team can leverage the latest in finance automation technology by scheduling a no-obligation call with our team.

Click here to read the full Corporate Vision Magazine article.


Paymerang’s CEO Nasser Chanda Named EY Entrepreneur of the Year 2021 Finalist in the Mid-Atlantic Region

Chanda Recognized as Part of the 35th Class of Unstoppable Entrepreneurs Who Transform Mid-Atlantic and Beyond

Paymerang’s CEO Nasser Chanda was named an Entrepreneur of the Year® 2021 Mid-Atlantic finalist by Ernst & Young LLP (EY US). Now in its 35th year, the Entrepreneur Of The Year program honors unstoppable business leaders whose ambition, ingenuity and courage in the face of adversity help catapult us from the now to next and beyond.

Chanda was selected by a panel of independent judges. Award winners will be announced during a special virtual celebration on August 3rd and will become lifetime members of an esteemed community of Entrepreneur Of The Year alumni from around the world.

“I am humbled and honored to be recognized as a finalist for this prestigious award—it is a reflection of what the entire team at Paymerang has accomplished. We take great pride in our company culture and the work we do for our clients, helping them to become more efficient, secure, and profitable. Our rapid growth and success over the past few years is just the beginning of our amazing journey to deliver finance automation for the modern enterprise” said Nasser Chanda, CEO of Paymerang.

Entrepreneur Of The Year is one of the preeminent competitive award programs for entrepreneurs and leaders of high-growth companies. The nominees are evaluated based on six criteria: entrepreneurial leadership; talent management; degree of difficulty; financial performance; societal impact and building a values-based company; and originality, innovation and future plans. Since its launch, the program has expanded to recognize business leaders in more than 145 cities in over 60 countries around the world.

Regional award winners are eligible for consideration for the Entrepreneur Of The Year National Awards, to be announced in November at the Strategic Growth Forum®, one of the nation’s most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2022. 


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 Paymerang.com

About Entrepreneur Of The Year®

Entrepreneur Of The Year® is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. National Overall winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/us/eoy