Tag Archives: culture

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

by July 14, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpColleen Crist

July 14, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpColleen Crist

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

by July 9, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpMegan Yardis

July 9, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpMegan Yardis

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

by July 6, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpMatthew Carlson

July 6, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpMatthew Carlson

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

by July 1, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpAnthony Burket

July 1, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpAnthony Burket

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 Announces Strategic Partnership with Sage Intacct

by June 29, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpNicole Allen

June 29, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpNicole Allen

Partnership with Paymerang will make Invoice Automation simple, secure and efficient for Sage Intacct users. Paymerang, a leader in Payment Automation and Invoice Automation, announced that it has integrated with Sage Intacct, the market leader in cloud business management solutions. With this partnership, Paymerang joins a network of companies that provide financial applications and solutions … Read More

Paymerang’s Partnership with The Coalition for College Cost Savings

by June 23, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpBrian Cook

June 23, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpBrian Cook

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

by June 17, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpColleen Crist

June 17, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpColleen Crist

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

by June 9, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpFranklin Markley

June 9, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpFranklin Markley

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

by June 7, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpGloria Garber

June 7, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpGloria Garber

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

5 Ways Manufacturers Can Gain Efficiency

July 22, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpMatthew Kirkpatrick

“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:

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.
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.
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.
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.
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

July 14, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpColleen Crist

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

July 9, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpMegan Yardis

“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

July 6, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpMatthew Carlson

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

July 1, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpAnthony Burket

Chanda Recognized as Part of the 35^th 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

Paymerang Announces Strategic Partnership with Sage Intacct

June 29, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpNicole Allen

Partnership with Paymerang will make Invoice Automation simple, secure and efficient for Sage Intacct users.

Paymerang, a leader in Payment Automation and Invoice Automation, announced that it has integrated with Sage Intacct, the market leader in cloud business management solutions. With this partnership, Paymerang joins a network of companies that provide financial applications and solutions that extend Sage’s cloud offerings in new ways.

“The introduction of Paymerang’s Invoice Automation as a new Sage Partner provides clients with the latest technology, saving businesses time in approving and posting invoices and helping them reduce errors through automated invoice capture,” said Melody Williams, Head of Business Development at Sage Intacct. “Partnering with Paymerang ensures our clients a best-in-class invoice solution.”

Sage Intacct users will be able to streamline their invoicing process by gaining immediate visibility to all invoices and their approval status, along with enabling companies to go paperless due to electronic processing and archiving.

“We see the integration with Sage Intacct as a pivotal tool for businesses to have access to top-of-the-line accounting resources,” said Nasser Chanda, CEO of Paymerang. “Finance automation is becoming a necessity for businesses. Our product is revolutionary for clients that want to make that advancement. Invoice Automation is a critical component to full-scale accounts payable automation. This integration will result in both Sage Intacct and Paymerang’s users becoming more efficient, secure and profitable.”

Paymerang’s Invoice Automation solution utilizes artificial intelligence to read captured invoices and extract data points which minimizes the amount of manual data entry. The product 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.

To learn more about Paymerang’s Invoice Automation, click here.

About Paymerang

About Sage

Sage is the global market leader for technology that provides small and medium businesses with the visibility, flexibility and efficiency to manage finances, operations and people. With our partners, Sage is trusted by millions of customers worldwide to deliver the best cloud technology and support. Our years of experience mean that our colleagues and partners understand how to serve our customers and communities through the good, and more challenging times. We are here to help, with practical advice, solutions, expertise and insight.

Paymerang’s Partnership with The Coalition for College Cost Savings

June 23, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpBrian Cook

“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

June 17, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpColleen Crist

“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

June 9, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpFranklin Markley

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

June 7, 2021Awards, Company Cultureaward, company culture, culture, top workplace, twpGloria Garber

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